After a period of consolidation, platform experts are considering whether the market will now see the beginning of new entrants joining the space.

The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.

The Financial Advice Association of Australia has appointed two Sydney-based advisers and one Gold Coast-based adviser to its board, effective 20 November 2023.

A strategic focus on advisers has seen inflows from financial advisers to AMP’s North platform increase by 17 per cent in Q3, but total platform net cash flow has declined by 43 per cent.

Colonial First State has added 25 managed accounts to its Edge platform from Atchison, Drummond and Russell Investments.

Challenger has declared a “positive performance despite challenging industry conditions” for its funds management business for the quarter.

With the sweeping superannuation reforms on 1 July 2017, there has been a slew of new terminology and thresholds to contend with, and this has understandably led to some confusion, writes Chris Chow.