E&P shareholders vote in favour of ASX delisting
Shareholders of Evans and Partners, the parent company of disgraced vertically-integrated advice firm Dixon Advisory, have voted in favour of delisting from the ASX. Leadership encouraged the option after mounting controversies and ongoing scrutiny plagued the share price of the troubled firm.
November 01, 2024
AustralianSuper chief retirement officer departs
AustralianSuper's first chief retirement officer, Shawn Blackmore, is leaving after 17 years with the super fund.
November 01, 2024
Smaller AFSLs reporting more breaches
After vocal pressure from the corporate regulator over the last couple of years, more smaller licensees are beginning to contribute more reported breaches to ASIC. However, the third annual reportable situations regime report shows they are yet to fully catch up.
October 31, 2024
Licensees, keep an eye on your AI governance
ASIC’s latest report into AI governance shows that licensees have assessed risks through the lens of the business rather than the consumer. A compliance expert believes licensees will need to remain vigilant with governance as the technology develops rapidly.
October 31, 2024
Deakin University dominates AMP University Challenge
Teams from Deakin University have taken first and second place in AMP’s 2024 University Challenge.
October 31, 2024
Last leg of advice reform must be held out in the open
The multi-year process to reform financial advice laws has been hindered by a closed-door, secretive process tightly controlled by public servants and industry lobbyists, including the unorthodox signing of non-disclosure agreements. The new Professional Planner Advice Policy Summit will bring the debate into the public domain, allowing all advice stakeholders to have their say in what should be a transparent and democratic policy development process.
October 30, 2024
Client portals, online fact-finds tipped for greater adoption
Client portals and online fact-finding tools are expected to see significant uptake over the next couple of years, according to Netwealth’s latest AdviceTech Buyers Guide. The guide is based on the survey’s suite of “high potential” for adoption technologies which are products and services that are widely picked up by the best advice firms.
October 30, 2024
Cbus governance issues concerning: Morningstar
Morningstar has sent out a warning shot to advisers and other investors about its confidence with troubled profit-to-member fund Cbus over talent retention, governance and lack of independence from unions. The concerns come the day after the fund spruiked its new advice offering which had caught the Financial Advice Association – a key partner for external referrals – by surprise.
October 29, 2024
FAAA looks to India to pump up local adviser numbers
With industry numbers declining, the Financial Advice Association intends to combat the decrease adviser numbers by recruiting financial advisers from India and assisting the smooth addition of the new class of advisers, as proposed by the Delivering Better Financial Outcomes bill.
October 29, 2024
ASIC warns licensees of AI adoption governance gap
ASIC is cautioning licensees to ensure their governance practices keep up with their adoption of AI after its first report showed a potential gap between governance and AI adoption.
October 29, 2024
