Liberal senator hits out at excessive financial advice costs

Parliament/senate/financial-advice/costs/quality-of-advice-review/

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.

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ASIC cancels Sydney advice firm’s AFSL

ASIC/Sydney/Wealth-Data/

ASIC has cancelled the Australian financial services licence of a Sydney advice firm, with the business having lost more than 30 advisers since the start of 2024.

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Lonsec Research partners with Fund Manager of the Year Awards

fund-manager/lonsec/Lorraine-Robinson/research-house/

The research house has joined this year’s awards as a research partner and will bring its experience to the awards by selecting the group award finalists.

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FSC warns of missed opportunity risk in QAR legislation

FSC/Blake-Briggs/quality-of-advice-review/Stephen-Jones/treasury/Superannuation/

Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.

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CoreData expands team to focus on ESG research

Australian-Ethical/CoreData/Andrew-Inwood/research-house/

Global research consultancy CoreData has appointed Angus Dennis from Australian Ethical Investment as it expands its research into responsible and ethical investment.

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The Manager Mix – Fixed Income: Anthony Kirkham of Western Asset

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| By Anonymous (not verified) |

In this new episode of The Manager Mix, host Laura Dew speaks to Anthony Kirkham, head of Asia-Pacific i

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First QAR legislation introduced to Parliament

Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.

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Can AI positively boost asset managers’ AUM?

artificial-intelligence/FUM/asset-managers/mercer/

Investment managers who plan to implement artificial intelligence in the next five years expect to see increased productivity, but views are mixed on whether it will boost revenue and assets under management.

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WA individual sentenced over $57k insider trading

ASIC/insider-trading/sentence/

A former corporate adviser has been sentenced in the Supreme Court of Western Australia for insider trading to realise a profit of more than $57,000.

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AFCA appoints CSLR ombudsman

AFCA/CSLR/complaints/Dixon-Advisory/

AFCA has appointed a senior ombudsman specifically to specialise in Compensation Scheme of Last Resort complaints, with the scheme set to come into force on 2 April.

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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 ...

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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....

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