The latest issue of Financial Standard now available as an e-newspaper
|The financial adviser exam pass rate continues to dwindle as less than two-thirds of financial advisers passed the July exam sitting.|
|WT Financial Group (WTL) reported a huge loss in FY21 as a result of its restructuring efforts.|
|New figures have revealed that Australian families are feeling the pressure of lockdowns, with more enquiries about divorce and an increase in those seeking financial advice.|
|The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million.|
|The ASX-listed advice and accounting group recorded a 59% drop in net profit to $7.1 million as grandfathered commissions came to a halt and COVID-19 impacted the business.|
|IOOF reported an underlying net loss after tax of $143.5 million for FY21, as it cleans out legacy arrangements and integrates recent acquisitions.|
|One year after it was acquired, Madison Financial Group has helped boost the performance of parent company Clime Investment Management.|
|The Australian fintech launched an integrated robo-advice service for its US customers, while its current Australian robo-adviser will shortly fold into this offering.|
|A dealer group has moved a large global equities mandate to a boutique fund manager.|
|ClearView is divesting its financial advice business for $15.2 million to another ASX-listed firm.|
Natixis Investment Managers hired an institutional sales director who spent nearly a decade at First Sentier Investors.
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits.
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030.
The House of Representatives Standing Committee on Tax and Revenue has recommended that the Australian Tax Office develop a Bill of Rights' for taxpayers.
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