Outsider is hopeful of the news from advice firm Invest Blue that it is trialling a move to a nine-day fortnight for its staff.

There is a “strong intent” by advice firms to increase their use of technology and integrate it into their business, according to Adviser Ratings.

The Australian Financial Complaints Authority received over 1,700 complaints last year related to the collapse of Dixon Advisory, representing three-quarters of total investment and advice complaints.

Aviva Investors has appointed Nick Molho in a newly-created role of head of climate policy.

Fund managers can no longer shy away from the distribution challenge, according to Calastone, and should develop a way to target consumers without the need for an adviser.

Almost two-thirds of Australian ultra high-net worth individuals are expecting their wealth to rise this year despite rising inflation and interest rates, significantly higher than the global average.

ASIC has banned a Queensland adviser for three years for adopting a ‘layered advice’ strategy with clients.

The Australian ETF industry’s FUM increased by $1.3 billion in February with investors opting for ETFs focused on domestic equities.

ESG investing will swing from a “nice to have” to a must-have this year as the Government pursues a regulatory approach, the association said.

The portfolios would give advisers access to highly-rated managed funds and ETFs across a suite of six risk profiles.