The extension of the APRA performance test to trustee-directed products could lead to difficult conversations for advisers if tax events mean their clients are unable to switch funds, according to a panel.

For the first time in years, the financial advice market is seeing tailwinds rather than headwinds, according to Forte Asset Solutions director Stephen Prendeville.

ASIC’s annual report has detailed its enforcement progress achieved during FY2022–23 and where it is focusing its financial advice work going forward.

Two reports from Betashares and Vanguard have seen renewed investor interest in global equities in ETFs after a period of favour for fixed income products.

AFCA has welcomed a new board director as the director who has served on the board since AFCA’s origination in 2018 steps down.

Perpetual has reported its quarterly asset management flows after seeing $8.1 billion in outflows during FY2022–23.

With the majority of retirement savings left unspent when most Australians die, advisers are playing a pivotal role in the growing landscape of retirement income products as industry focus shifts towards the decumulation phase.