APRA imposes licence conditions on Fiducian ahead of latest YFYS test
APRA has imposed additional licence conditions on Fiducian Portfolio Services to address data-related concerns ahead of this year’s Your Future Your Super performance test.
July 16, 2024
Spirit Super completes custodian switch amid merger transition
The $30 billion Spirit Super has completed the transition to use J.P. Morgan as its custody and fund administration services provider.
July 16, 2024
Future2 Foundation grants program opens nominations
Nominations are open for Future2 Foundation’s annual ‘Make The Difference!’ grants program.
July 16, 2024
Donat steps down as Clime CEO
With the deal to sell the licensee she once led now finalised, Clime chief executive Annick Donat will step away from the business. The last few years had seen a continuously falling share price and stagnant growth within the business.
July 15, 2024
Greens’ criticism of DBFO bill offers little support for advisers
The Australian Greens have offered little support to the financial advice sector, criticising the two major parties for boxing them out of negotiations. Green Party Senator Sarah Hanson-Young said the last minute amendments to the Delivering Better Financial Outcomes bill strikes out “provisions that ensure financial advisers can't price-gouge their clients”.
July 15, 2024
ASIC commands four banks to refund low-income customers with high-fee accounts
At least two million low-income customers will be refunded upwards of $28 million after an ASIC review found that four Australian banks charged high fees to bank customers who could least afford it.
July 15, 2024
Forbes Fava Saville appoints Insignia PDM as operations GM
Forbes Fava Saville Financial Planning has hired Gus Smarrini as general manager operations, a newly created position as advice firm looks to bolster its position in the sector.
July 15, 2024
TelstraSuper backs renewable energy infra fund
TelstraSuper has backed Quinbrook’s new infrastructure fund supporting the transition to renewable energy.
July 15, 2024
Advisers are the secret weapon to member retention
The key to super funds retaining members through retirement will ultimately come down how they facilitate access to advice, particularly through independent advisers, according to research from Investment Trends.
July 12, 2024
First Nations super coverage improves but more work remains: ASFA
While superannuation coverage for First Nations Australians has been improved in the past year, more work needs to be done to bring it up to the overall national standards, according to research by ASFA and First Nations Foundation.
July 12, 2024
