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Scaled advice model leads to second FSCP prohibition order

FSCP/ASIC/adviser-ban/SMSFs/

The FSCP has issued a registration prohibition order against a financial adviser until 2025 for misleading a client through a scaled advice model that excluded an SMSF investment, its second in a week.

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Rising retiree debt underscores the need for financial advice

retirement/household-debt/amp/mortgage/

One in nine Australians aged over 50 expect to have $250,000 in unpaid debt in retirement – debt worries are leading to concerns about their ability to achieve their desired retirement lifestyle.

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Digital remains pivotal to funds’ advice offering

digital-advice/GBST/quality-of-advice-review/fintech/

Digitised financial advice solutions will continue enabling the mass-scale provision of advice from supe

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Wholesale investor eligibility spikes by 700%

AFCA/complaints/wholesale-investing/managed-investment-scheme/

The number of people eligible for the wholesale investor test has risen by more than 700 per cent since its introduction, and advisers need to ensure they are making their clients aware of the risks in losing consumer protections.

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JPMAM ‘democratises’ alternatives with platform partnership

JPMAM/fintech/JP-Morgan/

JPMAM has partnered with financial technology platform iCapital to give Australian wholesale investors access to its alternative investments suite, while also launching two active ETFs.

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Centrepoint Alliance expands board with two appointments

centrepoint-alliance/Simon-Swanson/boards/

Centrepoint Alliance has appointed two non-executive directors, including one from COG Financial Services which took a 20 per cent stake in the business last month.

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The advice licensees seeing strong share price growth

insignia-financial/amp/share-price/ASX-200/licensees/Diverger/Wealth-Data/centrepoint-alliance/

Two advice licensees have lost more than 26 per cent in their share price since the start of 2023, while another has seen gains of 35 per cent.

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Why 2024 is the year of digital advice traction

advice-technology/fintech/digital-advice/CFS/

The promise of digital advice tools to address the supply/demand inequity is no longer a dream but a very present reality, writes Shaun Green.

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Super performance sees recovery ahead of Christmas

SuperRatings/Kirby-Rappell/performance/

Superannuation funds have bounced back after three months of losses, with November seeing strong returns into the holiday period.

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