HUB24 stands by governance process as APRA adds licence conditions on its trustee
HUB24 anticipated that increased licence conditions were coming for the trustee of its superannuation funds, HTFS Nominees, following regulatory intervention against HTFS stablemate Equity Trustees. HUB24, which is in the process of acquiring HTFS from EQT Holdings, says it stands by its investment governance and monitoring process.
AIOFP picks DASH for white label platform after InterPrac platform blacklists
The Association of Independently Owned Financial Professionals has selected DASH as the platform partner for its white label platform after InterPrac Financial Planning advisers faced industry blacklists from major providers. The association is considering plans to use the profits from the platform to create an “adviser defence fund”.
Budget’s CGT changes will shift adviser approach to client portfolios
The government has confirmed highly anticipated changes to CGT and negative gearing concessions in Tuesday night’s budget. Advisers are already pondering how this will impact the investment strategies for their clients.
SMC calls for outright ban on lead generators in financial services
The Super Members Council has pushed back against the government’s proposal that would require lead generators to be licensed, arguing the practice should be outright banned. The industry fund lobby group has also called for “targeted carve outs” to protect super fund member communication.
The missing role of judgement in financial advice
Financial advisers inhabit a vast world of technical compliance and many believe that if they can just tick every box and satisfy every technical requirement, they will have adequately discharged their obligations. But Templestone CEO Shivi Malik writes the reality is this is never enough.
The unsupervised hire: Getting the best from agentic AI
Every adviser conference is talking about it and every vendor is selling it, and the opportunity for practices to use agentic AI is real, writes Michael Connory. But the questions you ask before you sign matter more than the vendor’s slide deck.
Why CGT changes won’t shift investor behaviour
The current debate about reducing the 50 per cent CGT discount assumes property investors are primarily motivated by tax savings. Financial adviser Sheshan Wickramage writes the assumption overlooks how real-world investment decisions are made, particularly among high-net-worth investors.
First Guardian liquidation continues to eat up recovered funds
First Guardian liquidators want to “temper expectations” over the return of funds to investors as the cost of the liquidation continues to grow with the amount recovered, leaving estimated net cash of $326,000 after expenses.
People are already using AI for financial advice, so let’s make it safe
Financial advice is now the second most common use of AI, yet most of it remains unlicensed, unregulated, and often wrong. Otivo’s Paul Feeney writes the challenge for our industry is clear: how do we put the right guardrails in place?
Markets looking through turbulence as earnings growth underpins equities: AMP
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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Shield, First Guardian collapse could drive YFYS changes
The $1 billion collapse of Shield and First Guardian could result in more externally managed products being included in the Your Future Your Super performance test, after Treasury released a consultation paper proposing sweeping changes to the framework.
Lessons from the middle: Leadership, resilience and the courage of conviction
The principles of high-performance leadership – whether in business or sport – remain remarkably consistent and include the ability to maintain clarity, integrity, and conviction under immense pressure. Former Australian test cricketer Usman Khawaja told the Top1000funds.com Fiduciary Investors Symposium that the only time you really lose is when you stop trying.
Reflecting on nearly half a century in financial advice
After an extensive 47-year career, Paul Harding-Davis says that while every decade has seen a significant step change that has felt like an “Armageddon” it has instead only seen the standard of the industry improve. Reflecting on his long career to Professional Planner, he is still evangelical about recruiting young people to advice.
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