
In launching the long-awaited mFund settlement service yesterday, ASX boss Elmer Funke Kupper has predicted benefits for the entire “value chain”, including financial advisers.
FSC chief executive John Brogden expressed support for the service, anticipating particular benefits for the SMSF sector and playing down any concerns over sector “leakage”.
“The opportunity that mFund provides to link investors with the mFund platform across into-listed opportunities in the funds sector is enormous,” he said.
“What mFund does is really provide that opportunity to bring the self-managed superannuant together with managed funds in a fashion that many simply wouldn’t have been able to do in the past. The laborious process of the past has been eliminated.”
ASIC has commenced action against another industry fund, this time for misleadin...
The corporate regulator has released its final cost recovery implementation stat...
EXCLUSIVE: The chief executive of a listed advice group has unveiled ambitious p...