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Ignition Advice has indicated it is moving away from a regional model in light of growth it is seeing in Europe and will not be appointing a dedicated Australian head to replace Craig Keary.
A former chief executive of the Financial Services Council has been named as the next chair of Ignition Advice, succeeding Peter Meurer.
The former Financial Services Council (FSC) chief executive succeeds Peter Meurer who is stepping down from the role after eight years.
Print There needs to be ‘boldness’ from firms when it comes to digital advice, according to Ignition Advice, otherwise Australia is unlikely to see a rapid uptake of the service. The firm said Australia lagged behind other countries worldwide when it came to take up of digital advice and many were still nervous about it. Earlier this month, the Australian Securities and Investments Commission told a Parliamentary Committee that 134 out of 183 financial advisers had told it they did not want to provide digital advice in the future. Mark Fordree, co-founder and director of ...
Ignition Advice teams continued to expand globally, with hires in both the Dublin and Sydney offices, supporting the UK expansion and servicing new client acquisition. Mike Giles, co-founder and chief executive, said Ignition Advice was well experienced in operating within local regulations, including the pre and post trade transparency requirements of MiFID and the consumer protection standards for insurance firms under IDD. “As part of the move into the UK, we are further localising all products for the UK market, over layering UK FCA regulatory standards to meet the needs of British cl...