abrdn chief economist to return to RBA

Jeremy Lawson, chief economist and head of the abrdn Research Institute, will join the international department of the Reserve Bank of Australia as deputy head, effective August 2023.

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ESG teams see salary bump after internalisation push

A supply/demand problem in the recruitment of ESG professionals as firms hire more in-house staff is leading salaries for the highest-paid ESG heads to reach $400,000.

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Count shareholders back name change as firm commits to advice

An overwhelming 99.94 per cent of shareholder votes have been cast in favour of a successful name change to Count Limited, signalling a “dynamic new phase” for the firm.

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Insignia advisers dwindle as micro-AFSLs grow

The number of Insignia advisers has fallen to nearly 1,000, with the advice firm losing 72 advisers to micro-AFSLs over the years.

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GBST acquires fintech solution WealthConnect

The financial software provider has announced its acquisition of WealthConnect, a digital advice practice management and CRM system.

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Iress unveils improved remuneration structure following shareholder criticism

Iress has outlined how it will move to a performance-based remuneration model following feedback that its previous structure was not aligned with shareholder returns.

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Purposeful planning key to retirement confidence: Vanguard

Vanguard research has revealed that Australians who seek advice and have a clear retirement plan have the highest levels of confidence about their future.

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SIAA calls for prompt enactment of experience pathway

The Stockbrokers and Investment Advisers Association has thrown its support behind the experience pathway, arguing its members would rather quit than study for unnecessary financial planning qualifications.

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Relative Return: Calling out the BS in ESG

In this week’s episode, Infinity Asset Management’s chief investment officer, Piers Bolger, shares his insights on BHP, Westpac, Afterpay, managed accounts and the marketing spin surrounding the ESG movement.

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Magellan Australian equity FUM falls by a quarter

Australian equities have fallen dramatically for the second consecutive month at Magellan, falling by 25 per cent in April.

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