Iress has reinvested in its core Australian trading and advice activities, including a digital advice capability, as it believes Australian clients have been “underserved” by the firm’s focus on offshore activities.

Having a human adviser could increase a client’s mental wellbeing by over 50%, a recent Vanguard survey has found, along with adding portfolio and financial value.

The fund manager has launched a dedicated capital markets division, to be led by a former head of equities at Goldman Sachs Australia.

Allianz Retire+ has launched a retirement income product offering guaranteed income for life with 10 million people expected to retire over the next 20 years.

The Government has released the consultation paper for the definition of superannuation, putting forward one proposed objective and two alternatives.

The property investment and funds management firm has reported weaker earnings and a 56% plunge in statutory profit in its latest financial results update.

Around a year in the making, the Quality of Advice Review continues to divide an industry looking for meaningful reform.