Q3 sees plenty of ASIC bans and court action; Could banks move into the retirement space?

The last three months have seen at least three high-profile court cases involving adviser misconduct, keeping the corporate regulator on its toes to wrap up a busy quarter.

EY believes there is a benefit for banks in returning to the wealth space and developing decumulation products for consumers entering retirement.

The Senate Economics References Committee has shared data from the Commonwealth Director of Public Prosecutions on the number of prosecutions referred to it by ASIC in the last financial year.

Australia’s leading source of market intelligence and news for the cyber security sector, Cyber Security Connect, has today rebranded to Cyber Daily.

A global survey launched on World Financial Planning Day has examined the impact of advice across quality of life, financial confidence, financial satisfaction and experienced value, busting
long-standing misconceptions of the profession.

AZ Next Generation Advisory is to acquire a stake in The Wealth Designers as the Perth advice business seeks to have an office in every Australian capital city.

Franklin Templeton’s Sydney-based APAC co-head, Matthew Harrison, is to relocate to Europe, and the global fund manager has hired a new head of APAC distribution.

The financial burden of chronic disease is growing, making life insurance as important as private health insurance, writes Michael Pillemer.