FAAA signs MOU with FPSB India to ease adviser shortage

fpsb/India/Sarah-Abood/

Formalising its arrangement to bring international advisers to Australia, the FAAA has signed an international memorandum of understanding with FPSB India.

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Transparent promotion frameworks vital in financial services

women-in-finance/WIFS/gender-equality/gender-diversity/T-Rowe-Price/

A global investment management firm executive has called for standardised promotion policies to close the “gendered promotion gap”.

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RBA announces latest rate call

RBA/interest-rates/central-banks/monetary-policy/

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.

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Small AFSLs on the rise but breach reporting low

breach-reporting/ASIC/AFSL/

ASIC data shows the number of smaller AFSLs with less than $50 million in revenue has increased by 25 per cent in the past year, but the regulator believes they are still under reporting breaches.

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Financial services market facing oversupply of highly skilled execs

Kaizen-Recruitment/recruitment/hires/boards/

The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.

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CFS teams up with Viridian Advisory on advice offering

CFS/viridian/financial-advice/

Following its recent partnership with Otivo, Colonial First State has now announced an arrangement with Viridian Advisory to offer unadvised members with one-off, topic-based financial advice.

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Equity Trustees selected as RE for 2 funds

Equity-Trustee/equity-trustees/funds-management/

Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.

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Calls to scrap SOAs reemerge in Parliament amid DBFO delays

quality-of-advice-review/Stephen-Jones/Parliament/Bert-van-Manen/

Former financial adviser and Coalition backbencher Bert van Manen has introduced a bill in Parliament, building on Michelle Levy’s good advice duty and calling for SOAs to be scrapped.

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Insignia announces new team to drive MLC brand

insignia/insignia-financial/appointments/

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand.

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