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Showing 11 - 20 of 388 results for "Hayne"

Three universities ditch financial planning courses

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... 2023, the advice profession welcomed just over 300 new entrants as it struggles to stem the outflow of advisers since the Hayne Royal Commission. The number of financial advisers practising has plateaued to about 15,500 - which is about a 40% drop since ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... sectors of our economy are regulated effectively," Assistant Treasurer Stephen Jones said. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the FSCP within the Australian Securities and Investments Commission ...

Longreach distribution lead exits for new role

ELIZABETH FRY  |  FRIDAY, 11 OCT 2024
Longreach Alternatives' head of distribution has departed to take on a role at Singapore-based Graticule Asset Management Asia. Alex Haynes - who has worked at Longreach for six years as head of distribution - will move across in the same role. ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... majority shareholder. Given that the number of registered financial planners has nearly halved from some 30,000 prior to the Hayne Royal Commission, Schatto said it is important to develop more advisers to connect those "clients who had lost their planners ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
... Deloitte Access Economics says. Despite the enormous regulatory and qualification upheavals advisers experienced since the Hayne Royal Commission, the study found that opportunities abound and there is cause for optimism as the industry reaches a tipping ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... around 1800 staff and received $426 million in government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... article, which was published back in January this year, falsely implied he had misled the corporate watchdog during the Hayne Royal Commission into banking and financial services. According to the Statement of Claim - filed in the Federal Court and seen ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... that change is needed," she said. The adviser population peaked at nearly 30,000 at the end of 2018 in the throes of the Hayne Royal Commission. There were 15,602 active advisers at the end of April this year. While the advice sector may seem fragmented ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... and our chance of then implementing the change is greater." The advice industry has endured substantial reforms since the Hayne Royal Commission. The most recent round of changes aims to streamline some process documents such as the ongoing fee renewal ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... and benchmark against peers. This is amidst AMP's aggressive simplification program which has been in play since the Hayne Royal Commission and led to the divestment of several business units, including AMP Capital and SuperConcepts. "For executives ...