AMP goes digital to retake the Soviet crown
[ad_1] When asked how AMP could provide quality advice “at a price consumers will pay” while generating profits, Francesco De Ferrari admitted that the increasing complexity of regulation made this a difficult proposition, but that the company was working “very…
‘Competitive and transparent’: AMP cuts platform pricing fees
[ad_1] A statement to the market on 6 May confirmed that AMP will introduce new pricing to deliver a “market-leading offer” for clients and their advisers. Among the highlighted new rates is a 22 percent administrative fee reduction on the…
The government won’t regulate TikTok’s investment advice
[ad_1] Speaking at the Association of Stockbrokers and Financial Advisers conference this week, Financial Services Minister Jane Hume noted the rise of TikTok influencers giving advice on stocks and crypto assets. The global reach of people on social media and…
Podcaster to launch investment platform
[ad_1] Victoria Devine, also a financial adviser and director of Melbourne advisory, accountancy and finance brokerage firm Zella, will launch investment platform She’s on the Money this week. The platform, touted as an affordable option for retail investors, is a…
Vanguard moves against low-cost competitors with reduced fees
[ad_1] In a statement, Vanguard said it will eliminate the account fee for Vanguard ETFs, Vanguard-managed funds and the cash account on its platform for personal investors, while a $9 brokerage fee will apply to trades on all listed investments,…
Premium earnings remain flat while inflows rise
[ad_1] Announcing its full-year results on Monday, Praemium said net flows to its platform in the 2021 financial year were $3.8 billion, up 111 percent from the previous year. Funds under administration on the platform also rose 163 percent to…
Banks move to imitate neo-banks with wellness tools
[ad_1] Australia’s big banks are increasingly moving to mimic the emphasis the neobanks have placed on the financial health niche. A new report by Backbase says many of the financial health tools used by smaller neobanks are already being adopted…
Local fintechs fear overregulation amid bitcoin backlash
[ad_1] As regulators and lawmakers begin to move towards formal regulation of crypto assets such as NFTs and Bitcoin, Australian fintech businesses and startups are waiting with bated breath. Although the most famous applications of blockchain remain cryptocurrencies such as…
Suncorp enters the BNPL niche with the PayLater product
[ad_1] Suncorp is the latest traditional bank to enter the booming buy-now-pay-later (BNPL) niche. As with similar and popular BNPL apps such as Afterpay, Zip and Klarna, PayLater promises to allow customers additional freedom and flexibility when it comes to…
Does Bitcoin Have a Long-Term Future?
[ad_1] If you’re thinking of investing in Bitcoin, it’s worth considering what the end of the world’s most popular cryptocurrency looks like. Although Bitcoins are a purely digital asset, there will only be a certain amount of them in circulation….