Fixed income manager PIMCO and insurance giant Allianz have launched a new business in Australia, Allianz Retire+ Powered by PIMCO, to deliver retirement income solutions.

BT Financial Group (BTFG) today announced its flagship platform BT Panorama has surpassed $10 billion in funds under administration (FUA), with SMSF assets now contributing over 40 per cent of total FUA.

The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against New South Wales financial adviser Graeme Walter Miller following misconduct involving SMSFs.

AMP has announced David Murray will join its board and lead the redevelopment of governance processes following the banking royal commission’s findings of advice misconduct by the financial services giant.

ANZ has today announced it will begin implementing a range of initiatives to help improve the quality of financial planning and customer remediation when things go wrong.

DomaCom Australia today announced the successful completion of a crowdfunding campaign to fund a mortgage-backed loan as the fractional property investment company looks to increase it funds under management (FUM) with these new debt facilities, particularly in the SMSF space.

Charter Hall has announced its Direct PFA Fund has been added to BT Panorama and BT Wrap Platform, giving SMSF investors access to high quality office buildings across Australia.

New measures governing limited recourse borrowing arrangements (LRBA) entered into on or after 1 July mean borrowing and many other aspects of running an SMSF may become more complicated prompting a call for trustee action now from an industry lawyer.