CFS agrees $100m super class action settlement

class action Superannuation Slater and Gordon CFS

Colonial First State Investments has reached an in-principle settlement regarding a superannuation class action about grandfathered commission.

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Albanese names RBA successor for Lowe

RBA Jim Chalmers interest rates Phil Lowe

Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia.

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Lowe to go at RBA

RBA Philip Lowe interest rates

It is understood Reserve Bank of Australia governor, Philip Lowe, will not be re-appointed to the governor position with a decision due to be made later today.

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FRAA makes 5 recommendations for APRA

APRA FRAA john lonsdale

The Financial Regulator Assessment Authority has released its review of the Australian Prudential Regulation Authority.

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The 3 things missing from the QAR

phil anderson QAR quality of advice Holley Nethercote statement of advice

Three things are missing from the government’s formal response to the QAR, according to the FAAA’s Phil Anderson, while a panel has shared why they believe the QAR should help the profession return its focus to advice delivery.

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Platforms FUM falls below $1tn

platforms Platforms & wraps FUM insignia financial CFS amp BT

Wraps, platforms and master trusts FUM declined to $982.5 billion over the year to end of March 2023, although some market leaders like HUB24 and Netwealth experienced double-digit growth.

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When will the QAR progress to Parliament?

phil anderson QAR quality of advice review Stephen Jones

The FAAA’s Phil Anderson has shed light on when advisers could see any update from the government on the progression of the Quality of Advice Review changes.

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Demand for associate advisers rise but grads left behind

graduate new entrants provisional advisers recruitment

A recruiter’s overview of adviser demand for Q3 2023 indicates limited roles for graduates with the industry pivoting more to re-adopt the associate adviser role.

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Expect fewer RBA rate decisions from 2024

RBA Philip Lowe monetary policy

The number of rate decisions per year will reduce in 2024 under sweeping reforms following an independent review of the Reserve Bank of Australia.

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Sequoia expands with $3.1m acquisition

Sequoia financial group Garry Crole M&A

Sequoia has agreed to acquire two advice firms for $3.15 million, expected to complete by the end of this month.

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 1 week ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 5 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 week ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

1 week ago