The latest issue of Financial Standard now available as an e-newspaper | | | With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. |
| | | | The Financial Services Council (FSC) has launched a report by Rice Warner that makes a series of recommendations that would significantly change the status quo of financial advice and lead to policy debate. |
| | | | Consolidation in the financial advice industry is leading to a second wave of advisers leaving big institutions and potentially taking the self-licensing path. |
| | | | BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. |
| | | | As more environmental, social and governance (ESG) and impact investment products become available to investors, it is integral that advisers become familiar with them, according to AXA Investment Managers and Responsible Investment Association Australasia ... |
| | | | Despite COVID-19 volatility, financial advisers have managed to deliver value of 5.2% or more each year to clients, according to new research. |
| | | | At the Association of Financial Advisers' Conference, a panel of licensee executives agreed that the advice industry will be pushed towards a new model in the coming years. |
| | | | After having previously been placed on hold, the single disciplinary body for financial advisers and the compensation scheme of last resort is set to be legislated by mid-2021. |
| | | | HUB24 said financial advice is more important than ever as it posts record inflows and signs close to 30 new licensees in the September quarter. |
| | | | Self-managed super fund administration and software provider Class has launched an accounting and administration product for the growing number of discretionary and unit trusts. |
|
| | KARREN VERGARA First Sentier Investors has launched a new US-listed infrastructure fund that is managed locally. | ELIZABETH MCARTHUR Digital advice technology provider Ignition Advice has appointed a business development director for APAC, as it grows its global team. | | | ELIZABETH MCARTHUR Citi has overhauled its wealth management business, bringing together its global consumer banking and institutional client operations. | ELIZA BAVIN IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets. |
| | | Videos | | Brought to you by | ![]() |
|
| Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter. SUBSCRIBE | ![]() |
|
