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Almost 3000 advisers gone in 2020BY ELIZABETH MCARTHUR | FRIDAY, 18 DEC 2020 12:15PM
A total of 2802 financial advisers have departed the industry in 2020, with just 60 new advisers joining, according to Rainmaker analysis of the Financial Adviser Register.
Read more: Financial Advisers, AMP Financial Planning, FASEA, Financial Adviser Register, Synchron, Association Neil Macdonald, Phil Anderson, Charter Financial Planning, ANZ Group, Aware Financial Services, Capstone Financial Planning, Commonwealth Financial Planning, Fortnum, GWM Adviser Services, Hillross, Insight Investment Services, Interprac Financial Planning, IPAC Securities, Lifespan Financial Planning, Lonsdale, MLC, National Australia Bank, Nextplan, PricewaterhouseCoopers Securities, Royal Commission, Sentry Advice, Sequoia
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IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
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Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
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PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
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Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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