There may be a trend for advisers opting to set up their own licence, but those contemplating the change have been warned it is not necessarily the right path for every adviser.

Initiatives taken by Netwealth to stem outflows earlier in the year have helped the firm in the last quarter as December saw its highest inflows in 10 months.

A director at the Financial Advice Association Australia and a former superannuation chief executive are among recipients of this year’s Australia Day honours.

The $211 billion Future Fund has appointed a new chair to replace Peter Costello, who will step down next month after 14 years.

Perpetual saw $4.3 billion in outflows from its asset management division in the last quarter to 31 December, but market movement meant overall AUM increased.

Wealth management and advice technology firm GBST has appointed a head of Asia Pacific, joining from SS&C Technologies.

A decade on from the UK’s Retail Distribution Review, the country still faces a shortage of financial advisers and digital advice has not necessarily provided the solution, according to Iress’ managing director for wealth.