ASIC flags licensees’ role in super underperformance oversight; Sequoia looks to licensee switching for adviser growth

ASIC has shared findings on the role of advice licensees in the oversight of superannuation fund performance, highlighting their approved product lists and use of research houses as well as actions going forward.

Sequoia chief executive, Garry Crole, has ruled out acquiring another licensee to grow its numbers and instead hopes to benefit from advisers switching licensees.

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Senator Andrew Bragg has shared his biggest takeaway from chairing the Senate’s ASIC inquiry ahead of the publication of its final report, while calling for a wider financial system inquiry.

ClearView Wealth has shared progress on its exit from financial advice and wealth management following a strategic review as it seeks to become a simplified insurance business.

As persistent regulatory changes drive demand for risk and compliance teams, competition is heating up in the shallow talent pool, with firms taking up to six months to fill positions.

Australian Ethical has reported a 15 per cent FUM rise as it scales up the business to benefit from a mega trend for responsible investing.

With Australians living and working longer than ever, there are calls from industry professionals to redefine the traditional concept of retirement to ensure it meets their needs.