As artificial intelligence becomes increasingly commonplace in Australia’s financial services sector, over half of workers fear it poses a threat to their job security, the FSU has unearthed.

Financial services firm Link Wealth has purchased a majority stake in a Hobart-based advice business, its latest move as it makes a strategic expansion across the country.

Platinum Asset Management has announced an easing of the outflows experienced in 2024, reporting its smallest outflows in 18 months.

Equity Trustees has partnered with two alternative fund managers as the responsible entity for their latest fund launches.

Praemium has added five new multi-asset SMAs to its platform from fintech Briefcase, which are constructed using ASX-listed ETFs to meet rising adviser demand.

The Financial Services and Credit Panel has cancelled the registration of an NSW adviser for two years as it felt he displayed a “level of incompetence” in providing advice to his clients.

ASIC has cancelled its first AFSL of 2025, taking action against an advice licensee based in Sydney, NSW.

Industry bodies have welcomed a government announcement that it will reform the education standards for financial advisers by opening up the number of approved degrees that students can undertake.

Recruitment agency Keegan Adams has released its funds management distribution salary guide for 2025, with the role becoming more critical than ever as fund managers target retail and intermediary clients.

MA Financial Group has closed its IPO early for the MA Credit Income Trust, having raised a sum 10 per cent higher than its original target.