AMP has launched household consolidated reporting across multiple clients to North Interactive in response to adviser feedback.

ASIC has suspended the AFSL of a Sydney fund manager, which operates a managed investment scheme, over repeated failures to comply with licensee obligations.

Wealth Data has shared an updated ranking of the five largest Australian financial advice licensees, with just 59 advisers separating the firms in the lower half of the table.

United Global Capital complaints to AFCA have quadrupled since August and are highly likely to rise further as it retains membership for another six months.

An advice executive has shared how advisers should regularly assess the performance of their licensee, regardless of whether they are looking to leave, in order to prevent any problems from arising.

Praemium has entered into a strategic partnership with alternative investments platform Stropro to expand advisers' access to structured products.

Pacific Current Group has completed the divestment of its holding in Carlisle Management Company to alternative asset manager Abacus Life.

Nuveen has announced the launch of a new private credit fund for Australian wholesale investors in response to “strong interest” from family offices and HNWIs for private markets solutions.

Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.

ASIC has confirmed it is investigating the financial advisers who recommended investors to invest in the Shield Master Fund, as the responsible entity Keystone Asset Management is to be wound up.