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Advance Asset Management has Australia’s most talked about fund manager all to itself, having signed Michael Trigaboff’s highly successful MIR to an exclusive retail distribution deal, which will see the acclaimed boutique fund manager offered to the retail market for the first time.
Key insurance group, ClearView has warned a Parliamentary Committee that a push for standardised policy terms being led by the Financial Services Council could amount to a “race to the bottom”.
The ANZ Banking Group has told its financial planners that if they fail two audits of their advice they’ll be terminated.
While there is talk of higher levels of inquiry from AMP financial planning clients, the degree to which that translates to an exodus to independent financial advisers will depend on the relationship between AMP planners and their clients.
National Australia Bank has confirmed its intention to exit its wealth businesses including MLC but excluding JB Were and nabtrade.
