More than 20 winners from the funds management industry have been crowned at this year’s awards.

Ausbil Investment Management has announced a restructure of its Australian equities team as its co-head departs after 23 years.

The corporate regulator has made a suspension and a cancellation of the Australian financial services licence on two Queensland-based firms.

Licensees are being urged to be more flexible with their compliance obligations as advisers say they have lost sight of how the rules actually work.

Ahead of a public hearing this week, the government has commenced a consultation on draft regulations to support the implementation of the first tranche of Quality of Advice Review reforms.