‘Good advice’ will deter return of conflicted advice models: Levy
Advice review lead Michelle Levy believes the consumer protections brought in the previous few years offer sufficient protections for consumers. She is optimistic her recommendations will simplify the advice process and the "good advice" provision will ward off conflicted advice models from returning to the industry.
September 07, 2022
Transforming economies with sustainable investment
Finance can transform economies to preserve and restore ecosystems and the climate while promoting self-inclusion, health and wellbeing. That is the mission of Mirova which aims to eliminate the need to choose between meaning and performance.
September 07, 2022
Managed accounts grow another 22pc during FY22
After achieving the $100 billion threshold in FY21, the growth of managed accounts is yet to steady off with total funds under management reaching past $135 billion the past financial year according to the latest IMAP census.
September 07, 2022
Struggling with PI? Improve risk management systems
Reduced supply for professional indemnity insurance space has put pressure on premiums, but a pair of PI experts have argued enhanced risk management systems can go a long way to improving what advice practices are expected to pay for coverage.
September 06, 2022
Better technology the secret weapon to staff happiness
Research from Netwealth has found a link between staff satisfaction and technology adoption. With the average advice firm using 14 different digital technologies in their practice, getting the right systems with the right onboarding is pivotal.
September 06, 2022
Quarter of advisers plan to leave industry within five years
Around one in four advisers expect to leave the industry in the next half decade, according to Investment Trends, with compliance burden being the largest attributing factor.
September 05, 2022
FPA, AFA merger can present united voice to Canberra
After years of having different voices speaking different languages to Canberra, the FPA/AFA merger presents an opportunity for the industry to present a united voice writes Simon Hoyle. For too long, the minister of the day could do whatever they wanted because the industry lacked a proper consensus.
September 02, 2022
It’s happening: FPA, AFA exploring merger
Often speculated and frequently rebuffed by both parties in the past, the Association of Financial Advisers and the Financial Planning Association have finally agreed to explore a merger. It will require 75 per cent of each membership base to agree, but if it goes through, it will create an industry powerhouse with a unified voice.
September 01, 2022
Over 50pc pass July adviser exam
Around 52 per cent of advisers have passed the last adviser exam before the September extension deadline but this leaves several hundred advisers that will need to come off the ASIC Financial Adviser Register and whether they do it before or after 30 September matters significantly.
September 01, 2022
Advisers need to be at the centre of retirement solutions: AMP
Having spent over a year improving North, AMP is ready to reposition the platform towards leading the way in retirement solutions. It believes this will be its key point of differentiation in a crowded platforms space where the industry has prioritised accumulation.
August 31, 2022
Four funds fail performance test again
The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.
August 31, 2022
Managed accounts giving advisers two days back a week
The idea that managed accounts could give back around 40 per cent of a standard work week seems crazy, but has been backed up by research from Investment Trends.
August 30, 2022
