FSCP puts SOA mistakes in the spotlight; How much will advisers pay in the 2022–23 levy?

A relevant provider that used an inaccurate SOA to induce a client to switch superannuation funds is the subject of the Financial Services and Credit Panel’s latest complaint.

The Australian Securities and Investments Commission has released the indicative levy for advisers in 2022–23 in its latest cost recovery implementation statement.

Six months since being named CEO of its local arm, Dimensional’s Bhanu Singh shares his insights on the Australian adviser market, the Quality of Advice Review (QAR), and technological advancements shaping the industry.

Insignia’s class action hearing has closed with a clash over the role media played in the share price drop, the alleged admissions made in an almost decade-old statement, and whether the group members had enough evidence to secure a win against the wealth giant.

Two leading advisory firms in South Australia are set to merge and be rebranded as Count Adelaide from July 2023.

Amid market volatility, wealth managers have been prioritising portfolio mix resilience for their high-net-worth clients to fortify long-term value over quick returns, according to a new report.

While investors have moved past the idea of ESG as a kind of philanthropic activity, the uncertainty and volatility of markets this year could end up pitting ‘values’ against ‘value’.