Expert group unveiled to support digital advice policy

FSC/digital-advice/fintech/Ignition-Advice/

The Financial Services Council has launched the Digital Advice Expert Group to support policy development around digital advice adoption and ensure greater accessibility for Australians.

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Adviser recruitment falls down the priority list

recruitment/financial-advisers/advice-technology/Adviser-Ratings/

Two industry executives have highlighted why financial advice practices are less focused on adviser recruitment, as technology means they can service more clients with fewer staff.

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Material risk observed in sustainable ETF selection

scientific-beta/sustainable-investing/ETFs/responsible-investment/

Confusion around what classes as “sustainable” can lead to large fund performance differentials, making fund selection a material risk for advisers, according to Scientific Beta.

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ASIC’s Kirkland clarifies SOA checking concerns

ASIC/Sarah-Abood/statement-of-advice/phil-anderson/Alan-Kirkland/

Despite fears under the first draft QAR bill, ASIC has confirmed that it does not expect superannuation trustees to check every Statement of Advice.

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Count extends Iress partnership by 3 years

iress/Countplus/XPLAN/

Iress has signed a three-year extension of its agreement with Count, enabling the financial services firm to continue using advice software Xplan to support its growth ambitions.

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Retail outflows cause flat Magellan FUM

Magellan/Andrew-Formica/Sophia-Rahmani/fund-flows/

After five consecutive months of positive flows at Magellan, April saw $0.2 billion in institutional inflows offset by the same volume of retail outflows.

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Former APRA chair appointed to ASX board

APRA/ASX/wayne-byres/hires/boards/

The ASX board has appointed Wayne Byres as a non-executive director, who previously served as APRA chair for more than eight years.

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The lone rangers: Are solo advice practices becoming the norm?

AFSL/Adviser-Ratings/financial-advice/financial-advisers/

Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices.

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Meeting investor needs in an age of economic uncertainty

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