Adviser exits have slowed but not for all licensees
Financial adviser exits have been slowing down except at AMP where its transformation strategy has had an impact.
The tough reality for AMP Limited is that it will be at least another two years before it expects to break-even on the delivery of financial advice.
Advisers vote with feet when platforms fail them
Financial advisers are increasingly prepared to use multiple platforms and to reject those that don’t provide adequate support.
AMP Limited has announce a major share buy-back amid lack-lustre half-year results and a still struggling advice business.
Advisers vindicated on breach reporting
Financial adviser warnings to the Government over the unintended consequences of the new breach reporting regime have been vindicated.
Jones canvasses changes to adviser exam
The Government has canvassed possible changes to adviser exam resulting from a Treasury review and the QAR.
ASIC admits breach reporting regime problems
ASIC has acknowledged problems with the breach reporting regime and has undertaken to implement improvements.
The answers provided by the Quality of Advice review must make advice affordable to consumers and sustainable for advisers.
The accountants limited licensing regime may be dead but accountancy firms are still enamoured of financial advice.
Diverger calls off Centrepoint bid
Publicly listed financial planning group, Diverger, has called off its bid for Centrepoint Alliance after failing to access due diligence.
