The experience pathway’s passage through Parliament has been welcomed by the industry as a way to prevent further adviser exodus.
Self-licensed advisers are most likely to have seen their profit margins increase over the past 12 months, according to research by Investment Trends, as fees increase for clients.
The experience pathway has passed in Parliament today, three months after being introduced.
RBA governor, Philip Lowe, has made his final rate decision ahead of stepping down from the role later this month.
ASIC has been rapped for ignoring multiple tip-offs about the $180 million Courtenay House Ponzi scheme, waiting four years to take regulatory action.
The corporate regulator has commenced civil penalty proceedings against Westpac for failing to respond to 229 customer hardship notices within the required time limit.
The firm’s licensee services business was a “standout” despite weaker results in FY23, says CEO Garry Crole, with attracting existing advisers a key focus in this financial year.
The former ASIC chair has penned an open letter to the Treasurer and Assistant Treasurer asking for their support following a Senate appearance that detailed work, health and safety failures at the corporate regulator.
Looking at changes in adviser numbers since H2 2021 in terms of appointments and resignations, research reveals just two licensee groups report a net positive change.
With the growth of micro-AFSLs and new licensees in a shifting advice landscape, business development ma
