SIAA lobbies for further adviser exam improvements; Banned Endeavour directors receive Federal Court penalty

Following the government’s proposed changes to the financial adviser exam, SIAA has made additional recommendations for better outcomes, such as enabling entrants to sit the exam on request.

Four directors of Endeavour Securities and Linchpin Capital Group have been penalised by the Federal Court for multiple failings on a registered managed investment scheme, with one individual rapped for his “lack of remorse or contrition”.

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Money Management explores four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust.

The asset manager has moved overweight duration for the first time in three years as it believes the rate hiking cycle has concluded, as well as moving overweight UK and European government bonds.

The promise of digital advice tools to address the supply/demand inequity is no longer a dream but a very present reality, writes Shaun Green.