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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

The super merger buzz in 1H23

Superannuation/M&A/super-funds/Australian-retirement-trust/Mergers/

With mergers and consolidation activity at a record high for Australia’s superannuation industry, Money Management rounds up the merger talk in the first half of 2023.

AUTHOR

5 takeaways from a year of adviser movements

Wealth-Data/adviser-exits/Colin-Williams/new-entrants/

Money Management has collated five key takeaways from the Wealth Data weekly adviser movements over the last 12 months including the biggest month for departures and stats on new entrants.

AUTHOR

Asset manager M&A on the rise: PwC

PwC/asset-managers/M&A/Mergers/

Driven by the desire to access new segments, build market share, and diversify product offerings, there is a resurgence in M&A and partnerships among asset managers, according to a global survey.

AUTHOR

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