How AMP plans to stem advice losses; RBA pay causes staff dismay

AMP chief executive, Alexis George, has shared her thoughts on Insignia’s new ownership model and whether it will follow its footsteps as it expects $50 million in advice losses for FY23.

Staff at the RBA are in dispute with the central bank over working conditions and pay rises while its monetary policy board continues to hike interest rates.

As Westpac retains the BT platform business, a senior member of staff has returned to the firm after departing last year to lead its platform strategy.

ASIC has permanently banned a Sydney financial adviser and cancelled the licence of his business after he misappropriated investor funds.

As financial advice firms grapple with adviser retention and larger workloads, this coaching firm founder believes leadership programs are integral to support up-and-coming leaders.

Identifying this as a “high-quality opportunity”, Pacific Equity Partners joins IFM Investors and Citi in Household Capital’s financing package to provide retirement funding and housing to older Australians.

Newly opened this year from its COVID-19 lockdowns, two tailwinds are in place which are making China a more appealing investment option for Australian investors.