AMP chief executive, Alexis George, has shared her thoughts on Insignia’s new ownership model and whether it will follow its footsteps as it expects $50 million in advice losses for FY23.

ASIC has permanently banned a Sydney financial adviser and cancelled the licence of his business after he misappropriated investor funds.

As Westpac retains the BT platform business, a senior member of staff has returned to the firm after departing last year to lead its platform strategy.

The Quality of Advice Review may be hoping to reduce regulatory red tape but the need for temporary support staff and paraplanners is on the rise as more advisers opt for a micro-AFSL structure.

Madison Financial Group, a wholly owned subsidiary of Clime, has formed a strategic alliance with Practice Development Group, bringing combined FUA to $8 billion through 130 advisers.