AMP chief claims no further ‘divestments’ planned
AMP chief executive Alexis George has rejected any suggestion of further “divestment plans” following the sell-down of its financial advice businesses earlier this month. George tells Professional Planner (and a sceptical market) that the remaining super, platform, banking and New Zealand businesses are showing promising signs of growth.
August 23, 2024
‘See them through their life’s journey’: Why BFG prefers younger clients
A vision more than three decades ago led to the establishment of a boutique advice firm that stood out from the pack by serving the needs of a younger clientele, going against the grain of an industry that focused on higher balance, pre-retirees.
August 23, 2024
ASIC wins case against Kraken crypto exchange operator Bit Trade
The Federal Court has ruled Bit Trade, operator of Kraken crypto exchange in Australia, failed to comply with Design and Distribution Obligation requirements when offering a margin trading product.
August 23, 2024
Why getting Tranche 2 of DBFO right is so important
Colonial First State CEO, superannuation, Kelly Power and Financial Services Council CEO Blake Briggs talk to Conexus Financial editor-in-chief Aleks Vickovich about the road to completing advice reform, after the first tranche of legislation was plagued by ferocious debate and a series of drafting errors.
August 23, 2024
Allianz study reveals three-quarters of retirees open to work
A study by Allianz has unveiled more than 75 per cent of retirees and pre-retirees are open to employment post-retirement.
August 23, 2024
Insignia’s advice profit overshadowed by $185m group loss
Insignia says its advice division has reached profitability despite the overall group announcing heavy one-off losses that were foreshadowed last month. CEO Scott Hartley tells Professional Planner cost reductions have driven improvements for advice.
August 22, 2024
Industry welcomes paid parental leave super contribution bill
Major super funds and industry peak bodies have welcomed the introduction of the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 into Parliament.
August 22, 2024
Seeing that your clients catch your drift
Advisers need to ensure they are on the same page as their clients to prevent information being misconstrued, according to a strategies summit. To do so, advisers must observe how their clients receive information.
August 22, 2024
ASIC places offshoring and AI in advice under magnifying glass
ASIC will be scrutinising adviser use of offshoring and how licensees have been utilising AI as part of its corporate plan for the next financial year. Additionally, there will be more targeting of surveillance of practices that don’t make any breach reports.
August 22, 2024
SMSF Association appoints policy manager
The SMSF Association has appointed Keddie Waller as policy manager to bolster its advocacy and policy work for government reforms impacting the SMSF sector.
August 21, 2024
REST changes investment menu
Industry fund REST has reduced the number of options from 15 to 9 on its investment menu.
August 21, 2024
