Dixon Advisory consumer losses totalling $357 million: AFCA; Advice association calls for scrapping of adviser exam

If all the 1,851 complaints of losses made to AFCA about Dixon Advisory were paid out, it would total $357 million, the organisation said, but it is yet to issue any formal determinations.

An advice association has called for the financial adviser exam to be scrapped, arguing it has served its purpose and is an unnecessary expense.

With bonds offering the most attractive yields in nearly 15 years, Western Asset shares why this could be an ideal time for investors to reconsider their allocations to fixed income.

Advisers who joined the newly merged Financial Advice Association of Australia have risen 30 per cent from initially reported figures and now surpass 10,000 after it reported member losses during FY22–23.

Investment platform DomaCom has entered into a non-binding memorandum of understanding with super advice technology platform Super Fierce to offer residential property investment to super members.

As women assume leadership roles, it is essential for them to scale their impact by mobilising team members to create value for their organisation, according to an REA executive.

Global funds network Calastone has appointed a new head of Australia and New Zealand as Teresa Walker departs the firm.

Many advice practices believe that taking on Professional Year advisers will drain resources. But forward-thinking firms are putting them at the heart of their strategy to drive productivity and scale their business.