Troubled Mayfair 101 to return within months; Company director pulled up by ASIC for unlicensed MIS

Less than a year after the 20-year fundraising ban on James Mawhinney was lifted, troubled financial services firm Mayfair 101 has announced it plans to relaunch within months.

ASIC has taken civil action against a company director for alleged unlicensed conduct and operating numerous unregistered managed investment schemes.

Market watchers can expect to see one of the most volatile reporting seasons in the coming weeks which could bring up buying opportunities, according to this portfolio manager.

Magellan has made a high-profile board hire with the appointment of the former co-CEO of a $460 billion ASX-listed fund manager.

Challenger has partnered with Aware Super to provide a de-risking solution for its defined benefit fund which will mean some 3,000 members see their future pension risk reduced.

CPI inflation has slowed in the June 2023 quarter with the ABS reporting the lowest quarterly rise since September 2021.

Risk targeted investing’s approach to changing market conditions combines realism and preparedness, taking the pressure off advisers and their clients, writes Tony Edwards.