Lack of PI insurance biggest ‘struggle’ for advisers in 2020
With number of insurers in the space largely contracted
Westpac fined A$9.15m over poor financial advice
Federal Court of Australia said former adviser breached best interest duties
Challenges abound in China’s newly established advisory scheme
Shifting away from the model where third-party channels get more fees if they are able to sell more funds
Retail investors must overcome institutional learning curve
UK wealth manager Kingswood believes the trend towards alternatives will continue
DFSA decision upheld over ex-Deutsche Bank compliance head
Tribunal found she ‘recklessly misled’ the Dubai regulator about details of the bank’s wealth arm