The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advice Review.

A Melbourne financial adviser permanently banned by ASIC earlier this year is facing a maximum penalty of 20 years’ jail for obtaining financial advantage by deception, allegedly spending the money on race cars, boats, and helicopters.

The software provider has signed on as a partner of the 10th annual Super Fund of the Year Awards, taking place in Melbourne on 25 October.

Colonial First State has appointed a new group chief executive following a global search.

ASIC has warned licensees they could face regulatory action if they fail to remediate customers in a timely manner as it reviews licensees’ handling of RG 277 in its first year.

Sydney-based asset manager Maple-Brown Abbott has been selected to execute a new Australian active small caps mandate in the sovereign wealth fund’s $65 billion listed equities program.

As an asset class, infrastructure has a number of unique characteristics that makes it an attractive option for investors across all points of the economic or market cycle, writes Sarah Shaw.