Wealth giant Insignia Financial will retain its potentially lucrative superannuation and digital financial advice offerings while spinning off its self-employed advisers into a standalone business, as part of an overhaul designed to accelerate its struggling advice arm’s return to profitability.
The superannuation and digital capabilities are the two most likely to profit from the government’s new financial advice rules. Super funds are set to gain some relief from rules that currently bar them from giving members financial advice.
