Sleeping with a Professional Year candidate and borrowing money from clients are examples of real-life ethical breaches by financial advisers, according to a compliance expert, while a divorce may also be classed as a notifiable event.

There is room for more flexibility in the financial advice exam, according to FAAA chief executive Sarah Abood, and the organisation is advocating for this to be improved to prevent delays for new entrants.

NextGen Financial Group has formally entered into liquidation after losing a Federal Court case regarding an unpaid $270,000 Australian Financial Complaints Authority determination.

Financial advisers who actively engage with their clients’ wealth transfer to their children are seeing greater client satisfaction and higher retention rates, Australian Ethical reveals.

Centrepoint Alliance has appointed a former senior Colonial First State executive as an independent non-executive director on its board.

The Reserve Bank of Australia has appointed a deputy governor to work alongside Michele Bullock.

While more suited to a specific cohort of investors, alternatives are continuing to see a marked rise this year as an advantageous diversifier generating resilient returns, including through unique real asset propositions like marinas and dairy farms.