ASIC agrees to extend adviser registration date

ASIC/registration/financial-advisers/

Following statistics that thousands of financial advisers are yet to complete their financial adviser registration, ASIC has agreed to extend the deadline.

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How many advisers left in 2023?

Wealth-Data/adviser-numbers/amp/licensees/insignia/

Wealth Data has tallied up the net movement of advisers seen in the financial advice industry during 2023, with only one subsector reporting positive growth.

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ALRC financial services legislation report reaches Parliament

ALRC/financial-services-sector/corporations-act/legislation/

Clearer regulation and legislation for financial services is on the horizon as the Australian Law Reform Commission’s inquiry, first launched in September 2020, is tabled in Parliament today.

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Australian Ethical approaches $10bn after 39% rise in flows

Australian-Ethical/Superannuation/managed-funds/ethical-investing/

Funds under management at Australian Ethical are approaching $10 billion as net flows rise 39 per cent in the first half of FY2023–24.

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KKR seeks to educate advisers on alternatives usage

Alternatives/KKR/CFS/colonial-first-state/private-equity/real-estate/

KKR, global investment firm and majority owner of Colonial First State, has launched an education platform for financial advisers to educate them on alternative assets.

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Relative Return: Investing in a secure retirement

Podcast/Relative-Return/

In this episode of Relative Return, host Phil Tarrant is joined by Amanda Gardner, National Strategy Manager at Challenger, to examine the latest retirement income innovations.

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T. Rowe Price moves underweight on Australian equities and bonds

T-Rowe-Price/australian-equities/Australian-bonds/RBA/

T. Rowe Price has moved underweight on both Australian equities and bonds after more than a year of neutral positioning as it is concerned about short-term earnings.

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Superannuation reverses losses with strong 2023 returns

Chant-West/Superannuation/performance/Mano-Mohankumar/

Super funds have delivered a strong 2023 calendar year result, bolstered by strong international share markets, successfully reversing losses of 4.6 per cent in the previous year.

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Three Aussie firms among first signatories of global disclosure regime

RIAA/ESG/climate-change/

Three investment managers are among the first 12 Australian organisations to state they intend to start making disclosures aligned with the global Taskforce on Nature-related Financial Disclosure.

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Government seeks to implement mandatory AI guardrails

artificial-intelligence/government/ASIC/regulation/FSC/

With several financial services firms looking to implement AI into their business, the federal government is examining introducing mandatory guardrails to ensure it can be a global leader in responsible AI.

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