A survey of Australian wealth managers has revealed fears around clients making compensation claims after failing to understand their risk suitability, with firms expecting the regulator to toughen up.
The country's financial regulators have sought to temper fears of a crisis following the collapse of three US banks.
When it comes to human interest stories, the Australian Prudential Regulation Authority is keen to let the organisations it regulates know its staff are more than just faceless automatons.
When it comes to a business merger, achieving the voting approval can be just the first step.
Outsider is hopeful of the news from advice firm Invest Blue that it is trialling a move to a nine-day fortnight for its staff.
There is a “strong intent” by advice firms to increase their use of technology and integrate it into their business, according to Adviser Ratings.
The Australian Financial Complaints Authority received over 1,700 complaints last year related to the collapse of Dixon Advisory, representing three-quarters of total investment and advice complaints.
Aviva Investors has appointed Nick Molho in a newly-created role of head of climate policy.
Fund managers can no longer shy away from the distribution challenge, according to Calastone, and should develop a way to target consumers without the need for an adviser.
Almost two-thirds of Australian ultra high-net worth individuals are expecting their wealth to rise this year despite rising inflation and interest rates, significantly higher than the global average.
