The latest issue of Financial Standard now available as an e-newspaper
| | FRIDAY, 4 DEC 2020 12:34PMA comprehensive study of the UK's retail financial advice industry found that while it is slowly improving, a large gap exists to service consumers sitting on piles of cash.|
|Advice and accounting group Kelly+Partners has partnered with Austbrokers to exchange expertise, including life insurance broking.|
|NASDAQ listed Focus Financial Partners has created a new network of boutique financial advice firms and acquired three Australian businesses.|
|ClearView's LaVista Licensee Solutions is adding a former MLC Financial Planning firm.|
|Lifestyle Asset Management will introduce a new Managed Discretionary Advice (MDA) service to its authorised representative network and announced the appointment of an investment management coach.|
|Despite Australia living up to its reputation as a lucky country during the COVID-19 pandemic, Australians' investments took a bigger hit than their international counterparts - likely due to a lack of financial advice.|
|Self-employed financial advisers working with IOOF will have to pay more for the same services under the new IOOF structure which will focus the business on three key pillars in the advice space.|
|The federal government said it supports the establishment of the new single disciplinary system for financial advisers providing tax advice "in principle" in response to the independent review of the Tax Practitioners Board.|
|The financial services sector has had the highest improvement on an ethics index despite still receiving the lowest score of all sectors, new research shows.|
|An adviser from Western Australia has won the FPA Certified Financial Planner Professional of the Year award, as the association announces its 2020 award winners.|
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The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members.
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IOOF yesterday said it won't be pursuing an offer to buy its retail trustee Australian Executor Trustee business.
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Despite the growing emphasis on sustainability and the mainstream nature of ESG considerations, investors are still struggling to find adequate data to inform their decisions.
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The former head of advice for Shadforth has moved to Akambo Financial Group, a boutique dealer group with big growth plans.
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