Reacting to the Compensation Scheme of Last Resort levy, the FAAA said another levy in addition to the existing ASIC levy will drive advice firms out of business.
Five years after the firm went into liquidation, ASIC has cancelled the Australian financial services licence of troubled investment firm Endeavour.
Having unsuccessfully tried to acquire Pacific Current Group last year, GQG Partners has agreed to acquire three of its US-based affiliates for US$71.2 million.
Ethical considerations fall down the list in terms of priorities for consumers seeking financial advice when there is a pessimistic economic environment, according to the RIAA study.
The Compensation Scheme of Last Resort has determined the estimates for the first and second levy periods, including the proportion payable by financial advisers, ahead of its implementation next month.
Boutique Australian-owned fund manager, Prime Value Asset Management, has appointed a new director of distribution.
What has happened in the financial advice space over the 100 days since Minister for Financial Services, Stephen Jones, announced the government’s final response to the Quality of Advice Review?
The development of a broad array of innovative products should not be first priority for the industry when it comes to retirement and could drive up the cost of financial advice, according to Deloitte.
Over three-quarters of consumers say they would be more likely to invest in products that were verified by an independent source as being responsible, with greenwashing fears on the rise.
MFS Investment Management has appointed Alison O’Neill as its next chief investment officer.
