The Australian corporate regulator has released formal guidance on providing robo-advice or other forms of digital advice to retail clients in order to help the growing band of start-ups and fintech companies entering the field.
Australians using financial planners or advisers are almost four times more likely to feel financially prepared for their retirement than those who don’t.
A strong UK performance, innovative products, and staying ahead of the technology curve all combined to give Praemium “a really good year”, chief executive Michael Ohanessian told International Adviser in an exclusive interview.
International pension provider IVCM said an Australian superannuation plan it runs in conjunction with Tidswell Financial Services had received confirmation from HM Revenue & Customs that it will appear on the official Recognised Overseas Pension Schemes (Rops) list shortly.
The majority of financial advisers working in Australia would consider investments in smart beta strategies, a new survey by asset manager VanEck has found.
As the world’s attention turns to Rio for the opening of the 2016 Olympic Games on Friday, fund managers have assessed the investment opportunities on offer in the most powerful Olympic sporting nations.
Atlas Wealth Management has made innovative use of disruptive technologies such as social media to ‘make the world a smaller place’ for an expat client base that spans more than 18 countries.
Old Mutual International has named a managing director for its Isle of Man operations, while Architas has poached Seneca IM’s head of retail for a new role and added Axa Wealth’s head of investing to its roster. The Hong Kong and Australian regulators also announced senior appointments.
The Australian government has reaffirmed plans to set up an industry body aimed at lifting the professional standards of financial advisers, confirming that all new advisers must have a university degree.
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
An investors group for victims of the LM Investment Management collapse is looking at the feasibility of bringing legal action in England & Wales, as well as other jurisdictions.
A revised professional standards framework for financial advisers and planners in Australia has been welcomed by the Association of Financial Advisers (AFA) and Financial Planning Association (FPA), but further improvements could be made.
