While retail market leaders like Insignia had moderate increases, there were at least five platforms with significant rises in the last financial year, including BT’s $35 billion worth of business transitioning to Mercer.

Following a 73 per cent pass rate in the August financial adviser exam, the highest since ASIC took over its administration, a high number of new entrants have joined the advice industry this week, according to Wealth Data.

Financial and insurance services has seen the largest drop in job vacancies in the past quarter, making it the only industry to have lower vacancies than pre-pandemic, according to ABS data.

Citing consistently disappointing engagement by the Pacific Current board since the initial proposal, Regal Partners has stepped back from what it had previously termed a “transformational growth opportunity”.

The boutique equity investment manager has announced the launch of a new fund in the small cap space, with high expectations of outperformance ahead.

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.

In this week’s episode of Relative Return, host Maja Garaca Djurdjevic speaks to Patrick Clarke, general manager of retirement solutions at Generation Life, to discuss how super funds can help members transition into retirement.