ASIC reveals H1 advice enforcement stats

ASIC/misconduct/financial-advice/

ASIC has revealed the number of its enforcement outcomes which related to financial advice misconduct in the first half of 2023.

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Former Ignition CEO takes up chair role

Ignition-Advice/chair/

Craig Keary has been appointed chair at a leading digital platform, tasked with overseeing a Series A capital raising program and the opening of its operations in South Africa.

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CFS outlines how adviser feedback helped its Edge development

CFS/bryce-quirk/platforms/Kelly-Power/

Keeping great service, integrating with advisers’ existing processes and making it easy to work with are the three guiding principles for CFS in the development of its Edge platform.

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Lowe makes penultimate RBA rate call

Reserve-Bank-of-Australia/RBA/interest-rates/inflation/

RBA governor Phil Lowe has made his latest monetary policy decision as he counts down to his departure in mid-September.

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Insurer reveals future of the PI industry

professional-indemnity-insurance/PI-insurance/insurance/financial-advice/APRA/

A partner at an insurance firm has shared his thoughts on the outlook for PI insurance as APRA reveals advisers’ premiums have risen more than 40 per cent since 2015.

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Former investment manager charged over fraudulent documentation

Funds-management/ASIC/

Following an ASIC investigation, investment manager Brett Trevillian has been charged for forging portfolio performance verification reports that were provided to potential investors.

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Insignia CEO shifts focus to advice for super members

insignia-financial/renato-mota/licensees/

Insignia CEO Renato Mota has told Money Management why the firm’s new partnership model will free up the firm’s time to work with super fund members.

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Almost 5k advice and investments complaints to AFCA in FY22–23

CSLR/AFCA/complaints/Dixon-Advisory/

Investment and advice complaints have seen a 51 per cent increase in the last financial year, largely attributed to complaints against Dixon Advisory and Best Leader Markets.

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Bravura appoints third CEO in three years

ceo/Bravura/class/andrew-russell/

The new group CEO of Bravura has vowed to “put the recent disruption and uncertainty behind us” as it makes its third CEO appointment since 2021.

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