The Federal Court has issued a permanent injunction against finfluencer, Tyson Scholz, to prohibit him from carrying on a financial services business.
The financial services ombudsman has secured $1 billion in compensation and refunds for consumers since 2018 and is on track to receive close to 100,000 complaints this financial year.
A former Brisbane-based financial adviser has been permanently banned from any involvement in financial services.
The ETF provider has launched the Australia ex Financial & Resources ETF, offering a way for investors to diversify their Australian equity exposure away from the major players.
With the average person seeking out financial advice only after they’ve had a poor experience, it’s crucial to ensure a solid financial base from a young age, according to this Griffith academic.
John Allmey, former head of investment specialists at BT, will become a strategic relationship leader for wealth management at Mercer following the sale of BT Investment Solutions and Advance Asset Management.
Shez Ford, former wealth and advice executive at CBA, has moved over to Allianz Australia as chief general manager, consumer.
Financial advice fees have risen by close to 40 per cent over the last five years and the majority of advisers expect to hike fees further in the coming years, according to research.
As younger Australians navigate their first period of rising inflation, almost half of Gen Z say they are unprepared and ill-equipped to make financial decisions amid the rising cost of living, according to Finder.
With over 20 events to take place across Australia, the newly launched program aimed to attract and develop the next generation of financial advisers.
