Advisers lacking formal wealth transfer strategies

praemium/wealth-transfer/intergenerational-wealth/

Praemium research has uncovered that less than one in 10 financial advice practices have a formal, documented intergenerational wealth transfer strategy in place.

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ASIC warns advisers over FSCP superannuation advice crackdown

financial-advice/FSCP/ASIC/super-contributions/

The regulator has convened multiple sitting panels of the FSCP regarding AFSL breach reports which have identified poor superannuation advice from financial advisers.

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Licensee loses 27 advisers in AFSL switch

Wealth-Data/financial-advisers/Colin-Williams/

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures.

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AFCA rules lack of portfolio diversification an ‘advice issue’

AFCA/financial-advice/complaints/

AFCA remains firm on its stance that industry failures occurring in the financial advice sector are fundamentally an advice issue, rather than a product issue.

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ASIC launches second cyber security enforcement action

ASIC/fixed-income/bonds/cybersecurity/enforcement/

The corporate watchdog is suing FIIG Securities for alleged failures in its cyber security measures, describing the matter as a “wake-up call” to all licensees.

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Iress appoints 2 to APAC wealth team

iress/wealth-management/technology/fintech/

Iress has made two appointments to its APAC wealth product and technology teams, one who joins from a superannuation fund and the second from accounting software platform Xero.

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Principal AM appoints global real estate research head

real-estate/commercial-property/hires/appointments/

Principal Asset Management has appointed a global head of real estate research and strategy.

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Relative Return Unplugged: The ripple effects of Trump’s tariff tactics

Podcast/Relative-Return/

In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by AMP’s ch

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Sydney adviser permanently banned by ASIC

ASIC/banning/Sydney/financial-advice/

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and professionalism”.

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Greater ethics requirements contributing to lower fraud levels

Adviser-Ratings/fraud/adviser-education/CPD/

Advisers may say they struggle to meet their ethics CPD requirements, but the learnings are paying off as research finds it has helped to reduce adviser misconduct and financial fraud.

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