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Business models could shift to goals-based advice, rather than producing statements of advice, according to a fintech....

Financial planning • 13 August 2021

Eight industry associations say the compensation scheme of last resort will become a “go to” rather than a last resort and excludes product providers from accountability....

Policy & Regulation • 13 August 2021

Advisory firms are spending an average of $10,000 per employee on technology but much of this has only one use or is overlapping with existing systems, according to Netwe...

Financial planning • 13 August 2021

AMP’s chief executive will prioritise regaining public trust in the AMP brand, the demerger with AMP Capital, and aims to have net inflows in 2022....

Financial planning • 13 August 2021

New licensees offering holistic advice have seen a net growth of 120 adviser roles since the start of the year and are the fastest-growing type of financial planners, acc...

Financial planning • 13 August 2021

While shares are at risk of a short-term correction, there is a rising trend continuing with banks, telcos, utilities, and retail stocks are leading the market higher. ...

Funds management • 16 August 2021

The market is bullish and likely to reach 8,000 points, due to strong reporting seasons and despite lockdowns....

Funds management • 16 August 2021

As the platform looks to focus on its domestic business, selling off the international business will be the first test of the tenure of new chief executive, Anthony Wamst...

Financial planning • 16 August 2021

There is likely to be broad issues with lack of awareness and preparedness with the five reforms coming into play in October, according to the Association of Financial Ad...

Financial planning • 16 August 2021

Economics will eventually solve the adviser supply issue but not before the industry is recognised as a profession with the lag between people wanting to become advisers ...

Financial planning • 16 August 2021

Advice Revolution’s fact find service has been combined with Worksorted’s customer relationship management, workflow and revenue system....

People & Products • 16 August 2021

Praemium’s platform inflows were up 111% during the FY21 but its profit and EBITDA were down thanks to costs associated with acquiring Powerwrap....

Funds management • 16 August 2021

As part of its penalty for overcharging interest on business overdraft accounts, which it has been forced to pay $7 million, it will also be required to publish misconduc...

Policy & Regulation • 16 August 2021

Traditional sources of safety and protection for capital have been turned on their heads and Tim Dowling finds how advisers can help safeguard retirement portfolios in a ...

Tools & guides • 16 August 2021

ASX shares and exchange traded funds will now have a minimum commission of $5, while US shares and ETFs will be US$4....

People & Products • 17 August 2021

Iress will provide its range of managed funds administration along with fully integrated digital tools and trading interfaces for the asset manager’s investors....

Funds management • 17 August 2021

The corporate regulator’s increased levy will be ultimately be borne by superannuation fund members through administration fees and will be reflected in their future reti...

Superannuation • 17 August 2021

Consumer bodies have joined the financial adviser bodies and the Federal Opposition in voicing their displeasure with the proposed draft legislation for the compensation ...

Policy & Regulation • 17 August 2021

Opening the November exam to all advisers and the conditional September 2022 extension could drastically improve how many advisers are on the Financial Adviser Register a...

Financial planning • 17 August 2021

The roadblocks that have been put onto the advice industry will not affect the big end of town accessing advice, only the ones that need advice the most, according to Con...

Financial planning • 17 August 2021
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MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 3 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 3 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

1 week 5 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

3 weeks 4 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 2 days ago