AMP has announced it has reached a settlement decision in its Buyer of Last Resort class action proceedings, confirming how much it will pay advisers.

The regulator has updated on the status of a former Sydney financial adviser alleged to have faked client signatures to illegally obtain around $750,000.

With the calendar year end fast approaching, research house Chant West has shared how much it is expecting the median growth super fund to return for the 12-month period.

Minister for Financial Services Stephen Jones believes super funds can be the source for boosting financial adviser numbers and hints at a new educational pathway for super fund advisers.

Mercer Financial Advice has been ordered to pay a $12 million penalty for fees for no service and failures in its fee disclosure obligations.