In the final days of the financial year, Money Management reviews the number of charges made by ASIC against current and former financial advisers in the second half of 2021/22.
New business for disability income insurance has grown 2.5% after reaching a 10-year low last year while the attrition rate has grown for the first time in nine years.
Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large client book.
There was a notable improvement in the number of adviser exits this week with less than 10 advisers leaving, compared to several weeks of triple-digit falls.
Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large client book.
The prudential regulator is pushing for superannuation funds to merge to deliver member benefits but some are facing ‘consolidation indigestion’ in the process.
ASIC has conducted a review into how superannuation funds communicated their performance test failures to members, revealing some may have risked misleading members.
Research is finding that demand for advice is rising amid a world of rising interest rates and presenting opportunities for those who remain in the industry, writes Neil Macdonald.
Net assets per adviser in self-managed superannuation funds have more than doubled since 2019 as the adviser exodus means remaining firms are taking on more clients.
Minister for financial services, Stephen Jones, has stated his commitment to affordable financial advice after meeting with Quality of Advice Review reviewer Michelle Levy.