Fees for no service: Still a hot topic

Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) will be fairer for financial advisers.

The government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement savings and will subsequently bestow the three major ...

A new investment governance service provider has opened its doors for small to medium-sized AFSL holders to enhance and strengthen their governance frameworks.

Iress is shifting its focus from business simplification to executing an ambitious artificial intelligence (AI)-driven product strategy that will help financial advisers slash work processes by nearly 40%.