|Women who are standouts in their community contributions have come out on top in the 2019 Female Excellence in Advice Award (FEIA) finalists list.|
|AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy.|
|Financial advisers have taken to social media to vent about the Financial Adviser Standards and Ethics Authority exam results.|
|The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours.|
|AMP has announced a range of initiatives aimed to reposition it for the future, including a $650 million capital raise to reinvent its wealth management offering.|
|Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere.|
|Sequoia Financial Group has acquired a national dealer group, home to 68 authorised representatives.|
|The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds.|
|The additional conditions imposed on AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable".|
|The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|