Super funds are demonstrating gaps in their member data, according to a joint APRA/ASIC review, as they are concerned collecting too much information could put them at risk of providing financial advice.

ASIC has issued its first interim stop order on two life insurance products from ClearView for DDO failures.

Inflows to Praemium have decreased from almost $3 billion to $1.3 billion in the FY22–23 although positive market movements still helped the firm see a rise in funds under administration.

The financial advice platform has announced a national partnership with tax preparer H&R Block to provide guidance on retirement, investment and wealth to over 700,000 potential new clients.

Magellan is betting on generative artificial intelligence in its flagship $7 billion Magellan Global Fund as it believes “major progressive evolutions” and heightened innovation will develop in the space.

Avoiding ‘banana skins’ has helped the $1.4 billion Munro Global Growth Fund post positive performance in the three months to 30 June.

It could make sense for Australian wholesale investors to include corporate bonds in portfolios, with the traditional role of bonds re-emerging in 2023, writes Bruce Murphy.