A number of private lenders have joined forces to provide the DomaCom Fund access to an initial lending line of $100 million, which will allow the fractional property investment company to acquire up to $250 million in property.

The Australian Securities and Investments Commission (ASIC) has announced it will give financial firms, including super trustees, transitional relief until 1 July 2019 to allow for the updating of mandatory disclosure documents and periodic statements with the contact details of the Australian Financial Complaints Authority (AFCA).

Baby boomers account for 39.9 per cent of the total customers who purchase wealth management products from a professional adviser, new research from Roy Morgan has revealed.