Investment and advice complaints have seen a 51 per cent increase in the last financial year, largely attributed to complaints against Dixon Advisory and Best Leader Markets.

The new group CEO of Bravura has vowed to “put the recent disruption and uncertainty behind us” as it makes its third CEO appointment since 2021.

Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members and feels this is the wrong starting point.

Industry experts have shared a snapshot of what an AI-enabled advice industry could look like in the coming years when it comes to productivity, investments and the platform experience.

Two bids have been made for asset manager Pacific Current, one from GQG Partners and one from alternative investment manager Regal Partners.

Insignia is to launch a partnership ownership model for self-employed licensees within months, known as Advice Services Co, as it seeks to become Australia’s largest adviser-owned licensee group.

Troubled financial services firm Mayfair 101 has announced it plans to relaunch within months, less than a year after the 20-year advertising and fundraising ban on James Mawhinney was lifted.

CPI inflation has slowed in the June 2023 quarter with the ABS reporting the lowest quarterly rise since September 2021.

Magellan has made a high-profile board hire with the appointment of the former co-CEO of a $460 billion ASX-listed fund manager.