ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market for design and distribution issues.

The first person to be convicted of a “pump-and-dump” scheme, Gabriel Govinda, has been sentenced and fined after pleading guilty to charges of share manipulation and illegal dissemination of information.

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainability agenda.

The Quality of Advice Review needs to be enacted “urgently” to allow the industry to rebuild, according to HUB24’s chief executive, Andrew Alcock, as the firm acquires client portal myprosperity.

Investment platform Superhero has announced it will be launching an adviser platform for advisers and dealer groups to help them deliver affordable advice.

AMP Advice has partnered with fintech firm Frollo to provide advisers and their clients with access to its open banking technology.

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