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.

RBA governor Philip Lowe has shared his biggest regret as governor as he prepares to step down next month after seven years.

Having seen outflows in the first half of the year, global equity ETFs saw strong net inflows of almost $500 million in July, according to Betashares.

Seeking to scale its activities across EMEA and APAC, Federated Hermes has promoted Clive Selman, head of UK distribution, to lead its international sales efforts.

Equity Trustees has confirmed its intention to exit its UK and Ireland business and will write off $2.1 million associated with the investment.

With firm veteran Marian Poirier to retire after 20 years in the business, MFS’ head of institutional sales, Josh Barton, will step up to the role as head of Australia and New Zealand.

Given the growing number of young, tech-savvy Australians with their own unique financial goals, firms are launching new solutions to capture this next generation of investors.