Is the growing compliance workload reflected in pay?

compliance/Hays/regulation/salaries/remuneration/

Compliance professionals say they face hefty workloads and growing burnout risk, but research finds this is not being reflected in their pay, with only compliance heads expected to see a pay rise this year.

AUTHOR

Supporting the next generation of advisers at AMP and Count

amp/Count-Financial/graduate-program/professional-year/new-entrants/Anne-Palmer/

Contrary to recent arguments that new financial advice entrants can no longer rely on large licensees for recruitment, AMP and Count have detailed their pathways for PY candidates.

AUTHOR

Final Dixon complaints tally stands at 2,773 complaints

Dixon/Dixon-Advisory/AFCA/complaints/

The Australian Financial Complaints Authority has confirmed that Dixon Advisory is no longer a member, with some 2,773 complaints having been received by the expulsion date.

AUTHOR

Capturing potential in infrastructure

Lazard/infrastructure/global-listed-infrastructure/Alternatives/

The combination of earnings stability and inflation protected earnings means infrastructure is uniquely positioned for the world we face today, where inflation remains stubbornly high and recession risk lurks, writes Warryn Robertson.

AUTHOR

Managed funds investors ‘unknowingly’ overpaying fees

global-x/Global-X-ETFs/ETFs/managed-funds/

Switching from managed funds to lower-cost ETF products could save Australian investors nearly $4 billion in total fees per year, according to Global X.

AUTHOR

Submissions open for Super Fund of the Year Awards 2024

Superannuation/SuperRatings/awards/super-review/

Nominations and submissions have opened for this year’s Super Fund of the Year Awards for two individual categories.

AUTHOR

Robeco launches sustainable-focused fund range

robeco/bonds/fixed-income/equities/sustainable-funds/

Robeco has launched two new equity strategies and transitioned two of its existing fixed income funds to give investors greater exposure to the sustainable transition.

AUTHOR

Adviser’s non-compliant SOA problems broken down by ASIC

financial-advisers/AAT/appeal/financial-advice/ASIC/

Details have been shared regarding the failures in an adviser’s non-compliant statements of advice which led to a three-year ban as well as how improvements in his behaviour saw it reduced by the Administrative Appeals Tribunal.

AUTHOR

‘Much too high’: FAAA advocates further ASIC levy reduction

Sarah-Abood/levy/ASIC/industry-funding/

While ASIC’s estimated FY24 levy only saw a slight $60 rise per adviser compared to the previous year, FAAA’s Sarah Abood believes it is still too high for a shrinking industry.

AUTHOR

BT spotlights advisers’ top concerns

BT/financial-advice/adviser-sentiment/recruitment/staff/

Over three-quarters of financial advisers say they struggle with staff recruitment, according to BT, as it rounds up the top 10 challenges which plague the industry.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 4 days ago