The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies.

The government has issued its formal response to the Quality of Advice Review,  covering removing regulatory red tape, expanding access to retirement income advice and exploring new advice channels.

Superannuation funds are expected to be the big winners in this year’s Quality of Advice Review as Association of Superannuation Funds Australia deputy chief executive, Glen McCrea, welcomes the formal response.

A panel of industry experts believe there is a role for banks to play in providing advice but are expectant of the Quality of Advice review‘s recommendations focusing on superannuation funds.

Count has appointed a private equity specialist to its board as a non-executive director, indicating further acquisitions could be on the horizon.

New analysis from Wealth Data has revealed that some 175 advisers have been affected by disciplinary actions over the last nine years.

The first week of the Insignia Financial class action case has seen allegations of misconduct, insider trading, front running and failures to manage conflicts of interest.

With advice practices recording a slight uplift in profitability after years of decline, Business Health has outlined five key trends contributing to the change.

An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up by the Federal Court.