FSI appoints institutional distribution head
Investment manager First Sentier Investors has appointed Kevin Kandasamy as head of institutional distribution in Australia and New Zealand.
August 14, 2023
BT appoints platform strategy head
Former BT head of platform simplification Russell Brinckley has returned to the business as head of platform strategy and development.
August 11, 2023
Conflicts and the code
Misinterpretations of the Code of Ethics (whether deliberate or not) are seriously affecting the reputation of the financial advice industry and its prospects of being treated as a true and trusted profession, argues Robert M C Brown.
August 11, 2023
Law reform will struggle to keep place with robo-advice development: Research
In a world where digital technology is evolving at breakneck speed, efforts to align legal frameworks to robo-advice might be a futile endeavour, research has suggested. Instead, a study from the University of Melbourne has inadvertently backed the technological neutral approach of the Quality of Advice Review.
August 11, 2023
Equity Trustees to combine trustee services
Equity Trustees will soon combine its superannuation and corporate trustee services, to further simplify its business structure.
August 11, 2023
Australia 6th most cyber-breached country in Q2
Australia is the sixth most cyber-breached country in the second quarter of 2023, according to the latest research study from VPN service Surfshark.
August 11, 2023
AMP considers ‘radical’ licensee shake-up
AMP is in active discussions with aligned advisers about a major restructure of the troubled licensee network, akin to the overhaul planned by rival Insignia Financial. The revelation comes as the wealth giant reported a $25 million loss in financial advice and sets aside $50 million as a provision for damages stemming from the Buyer of Last Resort.
August 10, 2023
Steadying waves: PI market finds balance
Australia’s PI insurance market has emerged from a challenging period with newfound stability, powered by fierce competition and improved compliance and educational standards, according to a pair of brokers. Independent financial advisers who remain committed to professionalism are among the beneficiaries.
August 10, 2023
QAR delays block voters from ‘pressing need’: Opposition
The federal opposition has accused the government of lacking a clear vision for financial advice reform, with Coalition MP Dean Smith arguing slow progress on implementing the Quality of Advice Review recommendations were hurting consumers.
August 10, 2023
Managed accounts lead product registration surge: APIR data
Product registration firm APIR Systems has reported a surge in registrations of new financial products, especially managed accounts, in financial year 2023.
August 10, 2023
Lonsec appoints investment division head
Fund researcher Lonsec has appointed Nathan Lim as CIO and executive director of Lonsec Investment Solutions, the group’s investment division.
August 10, 2023
