FAAA signs MOU with FPSB India to ease adviser shortage

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Formalising its arrangement to bring international advisers to Australia, the FAAA has signed an international memorandum of understanding with FPSB India.

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Transparent promotion frameworks vital in financial services

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A global investment management firm executive has called for standardised promotion policies to close the “gendered promotion gap”.

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RBA announces latest rate call

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The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.

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Small AFSLs on the rise but breach reporting low

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ASIC data shows the number of smaller AFSLs with less than $50 million in revenue has increased by 25 per cent in the past year, but the regulator believes they are still under reporting breaches.

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Financial services market facing oversupply of highly skilled execs

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The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.

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CFS teams up with Viridian Advisory on advice offering

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Following its recent partnership with Otivo, Colonial First State has now announced an arrangement with Viridian Advisory to offer unadvised members with one-off, topic-based financial advice.

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Equity Trustees selected as RE for 2 funds

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Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.

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Calls to scrap SOAs reemerge in Parliament amid DBFO delays

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Former financial adviser and Coalition backbencher Bert van Manen has introduced a bill in Parliament, building on Michelle Levy’s good advice duty and calling for SOAs to be scrapped.

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Insignia announces new team to drive MLC brand

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Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand.

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