Calls are mounting for the proposed regulatory changes in July, such as the annual opt-in rule, to be postponed so that advisers can focus their efforts on guiding clients through the coronavirus crisis.
The global investment research firm, which bought Australia’s AdviserLogic last year, extended its reach into the industry by picking up the Canadian software firm that owns the Finametrica profiling tool.
Ex-timeshare operators are lifting the lid on the sector and making a buck helping consumers get out of burdensome contracts, but AFCA is questioning whether these paid advocates are part of their problem.
'There is a test playing out almost every day' and associations protecting the status quo are hampering the industry's efforts to progress, Simon Longstaff told the Ethics for Advisers podcast recently.
While there is strong inbound interest from potential acquirers for the licensee formerly owned by Sargon, the pointy end of the sale process will take place in mid-late March, with a deal likely to be finalised in April.