IFSA leads delegation to Hong Kong
Richard Gilbert
The Investment and Financial Services Association (IFSA) is leading a financial services delegation to Hong Kong in September.
Government, Treasury and Austrade officials will be part of the delegation. The group hopes to establish closer relations with the Hong Kong financial services industry and extend their industry and regulatory relationships.
IFSA chief executive Richard Gilbert said: “This delegation follows on from the important mutual recognition agreement reached between the Australian Securities and Investments Commission and the Hong Kong Securities and Futures Commission.
“It is now up to the industry to make the most of the opportunities that have been created through the agreement. IFSA members look forward to working collaboratively and successfully with the Hong Kong industry and regulators as we seek to jointly maximise the benefits of the agreement.”
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
