QAR, self-licensing and tech lead industry priorities for new year
The fallout of the nuances of the government's Quality of Advice Review reforms, along with a continued push toward self-licensing and staying on top of technology implementation are the key issues cited by the advice industry coming into 2024.
January 08, 2024
Sequoia picks up most advisers in CY23
Almost three dozen advisers joined Sequoia during the past calendar year, leading all other licensees in total numbers, according to research from Wealth Data. The modest increase caps off a relatively lighter year for adviser number movements with the profession settling with over 15,500 advisers.
January 08, 2024
FAAA hires marketing and comms head
The Financial Advice Association has appointed John Summerhays as head of marketing and communications.
January 08, 2024
Professionalism takes blows in transitional year for advice
This was the first year to see pushback against professionalism since the end of the Hayne royal commission, with the experience pathway enshrined into law and the Government proposing to allow lesser-qualified advisers to give advice, albeit on a narrower scope of topics.
December 21, 2023
Court finds OnePath did not breach duty of utmost good faith
The Federal Court has found that Zurich Australia did not breach its duty of utmost good faith when OnePath Life, the previous owner of Zurich’s life insurance business, avoided an income protection policy because the insured failed to disclose a prior history of hospitalisation for serious mental health issues.
December 21, 2023
First Nations financial groups launch scholarship program for women
First Nations Economics and First Nations Foundation have launched a $120,000 scholarship program to support women studying finance and business.
December 21, 2023
Finalists to the AMP ASTRUM quality award announced
AMP has announced the finalists for the 2023 ASTRUM quality award.
December 20, 2023
New kid on the block: AI steps in to close the advice gap
The growing number of AI tools being deployed by financial advisers is helping firms to improve efficiencies in their business and provide better service. While there are risks in using AI, there is also a pathway for practices to effectively implement the technology.
December 20, 2023
Overcoming the ‘what’s next?’ hurdle of practice benchmarking
Turning the results of a benchmarking survey into practical actions is often where the process falls down for advice business owners. Drawing on the experiences of peers and others who’ve been there and done that is one way to overcome that hurdle.
December 20, 2023
CEFC commits $75 million to first close of New Forests fund
Clean Energy Finance Corporation has invested $75 million in the forestry sector via specialist fund manager New Forests, targeting carbon abatement of one million tonnes over the next decade.
December 20, 2023
