The development of a broad array of innovative products should not be first priority for the industry when it comes to retirement and could drive up the cost of financial advice, according to Deloitte.
Over three-quarters of consumers say they would be more likely to invest in products that were verified by an independent source as being responsible, with greenwashing fears on the rise.
MFS Investment Management has appointed Alison O’Neill as its next chief investment officer.
Traditional active asset managers will have to “perform and adapt, or lose”, according to Morningstar, naming 10 firms that have seen the largest inflows and outflows in the past year.
ASIC has issued its first update since the completion of the internal dispute resolution reporting, sharing the percentage of first-time reports that were submitted on time.
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.
Up to three-quarters of financial advisers could be using managed accounts in the coming years, according to the latest Investment Trends/SPDR research.
Following the sale of its platform business to Praemium earlier this year, Iress has made a second disposal as it moves to streamline operations.
Looking at which licensees are seeing the fastest growth over the six months, Wealth Data says there are three firms that stand out amid falling numbers.
ASIC has cancelled the AFSL of Sydney-based wealth manager, the third Sydney firm to face this action since the start of the year.
