Adviser numbers close in on 17kBY KARREN VERGARA | FRIDAY, 18 MAR 2022 12:39PMThe number of financial advisers is close to dipping below the 17,000 mark as more than 700 recently exited the industry. Related News |
Editor's Choice
Future Group to internalise super trustee structure
Future Group is acquiring WTW's superannuation licensed entity, Stewarda, to establish trustee capabilities in house.
Natixis names chief executive for Mirova
Natixis Investment Managers has promoted an executive from another affiliate to succeed the outgoing chief executive of Mirova, Philippe Zaouati, effective July 1.
ASIC calls out platform trustees: 'Clear breach of trust'
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight.
HMC Capital wins $1.3bn private credit insto mandate
HMC Capital has won two global institutional mandates of $1.35 billion for its private credit strategy in Australian commercial real estate (CRE) lending.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
The risk advice sector has been absolutely gutted, there's no other word for it.
No thanks to the government, ASIC, the product manufacturers, the banks, industry funds sector and of course Mr. Hayne and his botched enquiry.
What a sad and sorry legacy, glad I retired when I did a few years ago.
You are 100% correct in you assessment Alan.
Yep, I endorse both comments above. Risk industry will have majority, 90%+, of advisers fully gone by 2026 and the life companies will realize they should have been careful wishing for what they did and shafting dedicated risk advisers. Their 2 year responsibility period, untenable premium increases and desire to reduce commissions will see them very much on their own, sadly, attempting to market policies through investment advisers (ineffective at best) and their lauded Robo-Advice. This will be an absolute compliance minefield and, again, ineffective. Life companies are going to find VERY difficult financial times ahead, starting mid-decade. Their statutory funds will be sorely tested. Don't even get me started on the stripped down policies, reduced benefit periods in IP with useless contractual definitions. Consumer and compliance nightmare coming soon. Bank on it, too late to save it now unfortunately!