Transparent promotion frameworks vital in financial services

women-in-finance/WIFS/gender-equality/gender-diversity/T-Rowe-Price/

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

RBA/interest-rates/central-banks/monetary-policy/

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

breach-reporting/ASIC/AFSL/

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

Kaizen-Recruitment/recruitment/hires/boards/

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

CFS/viridian/financial-advice/

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

Equity-Trustee/equity-trustees/funds-management/

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

quality-of-advice-review/Stephen-Jones/Parliament/Bert-van-Manen/

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

insignia/insignia-financial/appointments/

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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New entrants opting for private firms as Q3 sees adviser gains

Adviser-Ratings/financial-advice/AFSL/licensees/new-entrants/

The third quarter of 2024 saw the first positive increase in adviser numbers for 12 months, according to the latest quarterly Musical Chairs report, with new entrants overwhelmingly choosing to join privately owned firms.

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