Australia

Tax & Regulation | 21 Mar 13

The Australian Government has this week tabled legislation that will define in law the terms 'financial planner' and 'financial adviser', setting the regulatory pace for the rest of the world.

Industry | 19 Mar 13

LM Investment Management Ltd, an Australia-based fund manager with assets under management last year of as much as A$3bn($3.1bn), has been placed into voluntary administration, International Adviser has learned.

Asia | 29 Jan 13

Easton Investments, a Melbourne, Australia-based, Australian Securities Exchange-listed company, is purchasing a 19.9% stake in Singapore’s AAM Advisory, as it seeks to boost its presence in the booming southeast Asian city-state.

United Kingdom | 23 Jan 13

LM Investment Management, a Queensland, Australia-based global asset manager, has opened an office in London and is preparing to market its range of products into the UK.

Asia | 3 Jul 12

The Australian Securities & Investments Commission (ASIC) is to consult the financial advice industry on its plans to introduce a new, national exam for advisers, as part of the countrys ongoing effort to boost advice standards.