FSC warns of missed opportunity risk in QAR legislation

FSC/Blake-Briggs/quality-of-advice-review/Stephen-Jones/treasury/Superannuation/

Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.

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CoreData expands team to focus on ESG research

Australian-Ethical/CoreData/Andrew-Inwood/research-house/

Global research consultancy CoreData has appointed Angus Dennis from Australian Ethical Investment as it expands its research into responsible and ethical investment.

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The Manager Mix – Fixed Income: Anthony Kirkham of Western Asset

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| By Anonymous (not verified) |

In this new episode of The Manager Mix, host Laura Dew speaks to Anthony Kirkham, head of Asia-Pacific i

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First QAR legislation introduced to Parliament

Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.

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Can AI positively boost asset managers’ AUM?

artificial-intelligence/FUM/asset-managers/mercer/

Investment managers who plan to implement artificial intelligence in the next five years expect to see increased productivity, but views are mixed on whether it will boost revenue and assets under management.

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WA individual sentenced over $57k insider trading

ASIC/insider-trading/sentence/

A former corporate adviser has been sentenced in the Supreme Court of Western Australia for insider trading to realise a profit of more than $57,000.

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AFCA appoints CSLR ombudsman

AFCA/CSLR/complaints/Dixon-Advisory/

AFCA has appointed a senior ombudsman specifically to specialise in Compensation Scheme of Last Resort complaints, with the scheme set to come into force on 2 April.

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Room for improvement with self-employed clients

Business-Health/small-businesses/financial-advisers/

There is an opportunity for advice firms to improve their relationships with self-employed clients, as Business Health finds they report low satisfaction levels with their adviser’s performance.

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Significant revenue rises seen at listed advice licensees

Wealth-Data/licensees/AFSL/revenue/

Wealth Data analysis has seen a “significant jump” in gross revenue per financial adviser at eight ASX-listed financial advice licensees, and detailed the range between highest and lowest revenues.

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Alternative asset growth prompts demand for private market expertise

Kaizen-Recruitment/private-markets/recruitment/

Private markets expertise is sought-after for investment operations hires as allocations to alternative assets rise, according to a recruitment firm, but there is a gap between demand and supply.

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks 1 day ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks ago