VanEck slams ETF distortion ‘myths’ as active voices grow louder; Upward trend in advice entrants continues

EXCLUSIVE The major product provider has rejected “hysteria” surrounding passive strategies and argues that ETFs do not distort markets.

There continues to be slow but steady growth in adviser numbers, with the number increasing to 15,846 following a small net gain of one adviser this week, according to Wealth Data.

China’s reopening is leading the attractive path forward for Asian equities, but investors should remain selective, according to abrdn’s Asian equities investment director.

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.

The Federal Court has ordered MLC Limited to pay a $10 million penalty for misleading customers and failing to pay promised benefits.

As the industry awaits government action on Michelle Levy’s recommendations, one big question looms: Why are so few Australians getting financial advice?