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ifa latest news
Adviser transition continues to impact Praemium’s platform outflows
Praemium’s Powerwrap platform experienced net outflows of $53 million as advisers continued to transition, bringing total gross outflows from these transitioning advisers to over $700 million.
Challenger life sales drop 13% in Q3, lifetime annuities up
Despite a drop in total life sales for the quarter, Challenger says it is “well placed” to hit an upgraded profit guidance.
AMP North adviser inflows up 22%, platform AUM hits $74bn
The wealth management company reported $544 million of inflows from financial advisers in the first quarter of 2024.
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