Two advice professionals have discussed why three-quarters of advisers looking to leave the industry in the next 12 months are under 40, and what can be done.

The 2023–24 financial year saw over 105,000 financial complaints filed to AFCA, with its chief ombudsman expressing disappointment in the 9 per cent year-on-year rise.

Shadow minister for financial services, Luke Howarth, has reassured the industry that the Coalition “won’t go back to the drawing board” when it comes to implementing the Delivering Better Financial Outcomes reforms if elected next year.

After a successful inaugural event last year, the Women in Finance Summit is returning in 2024 with more business insights and networking opportunities.

ASIC has suspended the Australian financial services licence of a Melbourne fund management firm.

ASIC has banned a financial services director for 10 years and cancelled the AFSL of his company for his “cavalier attitude” to financial services laws, including inappropriate advice and failing to act in clients’ best interests.

Macro forces are increasingly putting China on a different trajectory from its fellow emerging markets economies, meaning advisers need to think differently when it comes to their EM exposure, writes Tamara Stats.