Money Management crunches the numbers on ASIC’s data on Australian financial services licence approvals and how it compares over the last three years.

In a new report, Russell Investments has broken down the three types of financial advisers when it comes to financial decision making, disseminating knowledge and advocating on a client’s behalf.

After seeing dwindling numbers of advisers and losing a Federal Court case regarding an unpaid AFCA determination, NextGen Financial Group is to be wound up.

The fund manager has bolstered its senior leadership team, welcoming a Martin Currie veteran into the fold to lead its global distribution strategy.

Emerging markets have announced ambitious net-zero targets in keeping with their global peers, but investment managers observe a balancing act between these commitments and meeting their national development goals.

Two-thirds of Australians believe Philip Lowe should delay any moves into the private sector now his term at the Reserve Bank of Australia is over.

With three separate financial advisers facing criminal proceedings this year having struggled with gambling problems, access to client money combined with a stressful job can be a “perfect storm”, according to experts.