Over 8,700 FAAA membership renewals so far

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The Financial Advice Association Australia has recorded over 8,700 membership renewals, including over 80 per cent of eligible practitioner members.

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Former RC case study receives penalty for unconscionable conduct

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The Federal Court has imposed a combined $13.5 million penalty on Select AFSL, BlueInc Services, and Insurance Marketing Services for engaging in unconscionable conduct.

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Franklin Templeton crowned this year’s Fund Manager of the Year

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Managing director, Felicity Walsh, reflects on the win, sharing what she feels sets Franklin Templeton apart and how the firm is partnering closely with clients to capitalise on market opportunities.

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Diverger explores innovative ways to increase scale

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EXCLUSIVE Easing regulation has made it easier to be a licensee, but Diverger is still in talks to see how it can grow its scale, according to chief executive Nathan Jacobsen.

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AMP completes SuperConcepts sale

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AMP has completed its sale of SuperConcepts to private equity firm Pemba Capital Partners.

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IAL receives largest-ever insurance penalty for consumer protection breaches

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Insurance Australia Ltd has been penalised $40 million by the Federal Court in the largest-ever penalty imposed against an insurer for breaches of consumer protection law.

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Super changes kick in for FY2023–24

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As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their superannuation as multiple changes take effect.

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AUSTRAC completes Bell Financial audit

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AUSTRAC has concluded its external audit of Bell Financial Group after more than a year and has released its verdict.

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E&P Financial appoints new CEO

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E&P Financial Group, parent of Dixon Advisory, has appointed a new chief executive as Peter Anderson steps down.

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Significant loss of 46 advisers marks end of FY2022–23

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Going into the end of the financial year, adviser movements remain disappointing with a large loss of 46 advisers for the week, according to Wealth Data.

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