Chris Dastoor

The Financial Advice Association Australia has told the Productivity Commission that any changes to the insolvency regime need to more carefully restrict phoenixing activity.

Morgan Stanley Wealth Management will move a subset of its clients off its legacy platform onto Netwealth after an agreement was made with the ASX-listed platform provider.

The head of a Shield and First Guardian investors advocacy group has warned that investors are still getting contacted by lead generators, warning that more regulatory oversight is needed.

Levying financial advisers for the Compensation Scheme of Last Resort was always an arbitrary decision and unsustainable. Given the rapidly increasing cost pressure it's time other parts of the advice ecosystem were brought in.

The government says tax changes to discretionary trusts won't impact 90 per cent of small businesses as it consults on reforms proposed in the May federal budget that will include rollover relief for those wanting to change structures.

The financial adviser central to ASIC's investigation into the $1 billion Shield and First Guardian collapse has had his travel ban lifted by the court.

Financial advisers will see a 27 per cent rise in the ASIC adviser levy, with the regulator's cost recovery estimate for FY26 coming in at $48.72 million for financial advisers.

Financial services veteran Geoff Lloyd will succeed Ray Miles as chair of Entireti after spending the past year working with the company on a consultative basis.

Super Consumers Australia has reignited calls for mandatory customer service standards after an undercover study of 20 major super fund call centres gave the industry a failing grade.

Financial Advice Association Australia deputy chair Michelle Veitch will succeed David Sharpe as chair, closing a tenure that included the association's merger, as well as navigating key regulatory changes including advice reform and the Compensation Scheme of Last Resort.