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Morningstar has lowered its expectations for a rebound by AMP Bank as it feels the new digital bank is unlikely to improve the firm’s competitive standing....

Financial planning • 21 November 2023

Persistent inflation and geopolitical concerns have seen more investors across the globe doubt their investment understanding and asset allocation, Schroders reveals. ...

Funds management • 21 November 2023

As the Australian Financial Complaints Authority reaches five years of operation, chief ombudsman David Locke has recognised the majority of financial firm members are n...

Financial planning • 21 November 2023

While the Quality of Advice Review is expected to positively impact financial adviser numbers, Rainmaker’s new projections underline the continuous challenge they face to...

Financial planning • 21 November 2023

The diversified financial services group has entered a $2 million purchase agreement to acquire 100 per cent of a financial advice network owned by Insignia Financial....

Financial planning • 21 November 2023

Having ended its acquisition plan last week, the co-chair of Pacific Current Group’s independent board committee is to depart as the firm seeks alternative ways to boost ...

Funds management • 22 November 2023

The Financy Women’s Index has shown the largest growth in the last two years, driven by improving female underemployment and more women studying in higher paying fields....

Financial planning • 22 November 2023

ASIC has announced its enforcement priorities for 2024, which include two new points relating to the superannuation industry....

Superannuation • 22 November 2023

A new survey has found that less than a quarter of paraplanners hope to become a financial adviser, placing a hurdle in the way of boosting adviser numbers....

Financial planning • 22 November 2023

Financial advisers receive the second-highest expenditure in ASIC’s financial services and wealth division, according to documents, ahead of investment managers and super...

Financial planning • 22 November 2023

Minister for financial services Stephen Jones believes super funds can be the source for boosting financial adviser numbers and hints at a new educational pathway for sup...

Financial planning • 22 November 2023

The former director of a financial advice group has been disqualified from managing corporations after ASIC found he put investor funds at risk and made misleading and de...

Financial planning • 22 November 2023

The global investment manager has announced its chief executive, Anne Richards, will be stepping down from the executive role....

Funds management • 23 November 2023

The amount needed to set aside for a comfortable retirement continues to grow, as Finder indicates the figure is approximately double what Australian retirees will actual...

Superannuation • 23 November 2023

ESG and responsible investing is yet another sector set to benefit from opportunities offered by artificial intelligence, says an associate director, but it also brings i...

Financial planning • 23 November 2023

Research house CoreData has announced the appointment of an APAC chief executive to boost its Australian growth....

People & Products • 23 November 2023

The regulator has updated on the status of a former Sydney financial adviser alleged to have faked client signatures to illegally obtain around $750,000. ...

Financial planning • 23 November 2023

The Responsible Investment Association Australasia has announced the appointment of two co-chief executives, following the departure of Simon O’Connor after over a decade...

People & Products • 23 November 2023

AMP has announced it has reached a settlement decision in its Buyer of Last Resort class action proceedings, confirming how much it will pay advisers. ...

Financial planning • 23 November 2023
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MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

4 weeks ago