The extension of the APRA performance test to trustee-directed products could lead to difficult conversations for advisers if tax events mean their clients are unable to switch funds, according to a panel.
Two new reports from CFS and Challenger have highlighted the benefits consumers gain from seeking advice as over half of those aged 50 and over fear outliving their savings amid the cost-of-living crisis.
Two new appointments have been made to the Financial Services Council board. On Thursday, the Financial Services Council (FSC) announced the appointment of AMP CEO Alexis George and BT Financial Gro