Australian advisers told to get registered or face exams
The Australian Securities and Investments Commission (Asic) has told financial advisers they must get registered under the country’s new professional standards reforms, or else they will have to sit an exam.
Australia looks to rate 1,800 adviser licensees
In a bid to restore faith in the country’s financial services industry, the Australian government is considering a proposal that will rate 1,800 financial advice licensees.
£20bn withdrawn since pension freedoms launched
The popularity of the UK’s pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed since the reforms launched in April 2015, according to the latest figures from HM Revenue & Customs.
PEOPLE MOVES: Old Mutual Int’l, Guernsey Finance, Tiller
Old Mutual International hires a head of distribution development for Hong Kong, Guernsey finance appoints a deputy chief executive of strategy, while Tiller expands its team with a raft of senior hires.
Only 1% of consumers using robo-advice
Despite many fintech firms proclaiming robo-advice growth, a major survey by GlobalData has revealed that, across the generations, only 1% of consumers are using the technology to invest.