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|Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice.|
|The financial services regulator in the United States is broadening the scope of the proposed fiduciary duty to combat conflicted investment advice and mitigate confusion around the differing standards to which different industry professionals are ...|
|Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.|
|Craig Meller has stepped down as chief executive of AMP effective immediately.|
|A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice.|
|The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away.|
|The acting general manager of product at Colonial First State will join MLC to lead its wealth products and platforms division.|
|Robo-advice presents opportunities for increasing consumer accessibility to financial advice, but Investment Trends data and adviser insight suggests it will never be a panacea.|
|A $13 billion industry superannuation fund is welcoming a new chair and deputy chair.|
|A trustee business linked to several of Australia's newest superannuation funds has acquired a non-aligned boutique financial advice group.|
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
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