Stop sharing passwords and lose unnecessary software
Advice firms and licensees should quit sharing passwords and declutter unnecessary software to help improve cybersecurity, the Professional Planner Licensee Summit has heard.
July 03, 2024
AustralianSuper delivers 8.46pc MySuper return in FY24
The nation’s largest superannuation fund, AustralianSuper, has returned 8.46 per cent in its MySuper Balanced investment option, and 10.2 per cent for High Growth in FY24.
July 03, 2024
Sequoia restructures reporting lines, announces staff reduction
Sequoia will streamline its divisional structure from four to two reporting divisions, as well as reduce headcount by 10 per cent.
July 03, 2024
iExtend gains AFSL
Life insurance policy extender iExtend has gained its AFSL after ASIC accepted a court enforceable undertaking from the business to apply for a license earlier this year.
July 03, 2024
Consumer group calls for better scam protection from super funds
Super Consumers Australia warned that more work needs to be done from funds to mitigate risks of super scams, as the advocate group’s recent survey found 81 per cent of Australians want their funds to provide more active protection.
July 03, 2024
Australian Ethical appoints Fiona Reynolds to super board
Australian Ethical has appointed Fiona Reynolds, former CEO of UN-backed Principles for Responsible Investment, to its super board.
July 03, 2024
Go long Taylor Swift: The race for advisers to stay relevant
As the established ways of serving clients are challenged by technology and changing demand, how the industry is structured and how it works must shift fundamentally. The biggest risk the wealth management sector faces – including advice – is not necessarily losing AUM but losing relevance. ETFs based on streaming Taylor Swift songs are only the beginning.
July 02, 2024
‘No evidence’ of further unauthorised access in Iress breach
Iress has concluded its internal investigation into the unauthorised access of Iress’ user space on GitHub as first announced on 13 May 2024.
July 02, 2024
HESTA MySuper delivers 9.1pc return in FY24
The $83 billion HESTA has returned 9.1 per cent for its MySuper Balanced Growth option in the 2024 financial year, surpassing the 7.62 per cent annual return in the past decade.
July 02, 2024
REST MySuper returns 8.67pc in FY24
Retail workers industry fund REST has posted an 8.67 per cent return for its default MySuper product in the 2024 financial year. The product has had a 6.97 per cent return per annum in the past decade.
July 02, 2024
MetLife Foundation offers $115k grant to First Nations Foundation
First Nations Foundation has received $155,000 (US$100,000) from MetLife Foundation to continue strengthening the financial knowledge of First Nations women.
July 02, 2024
