Netwealth profit jumps 24 per cent
Netwealth has posted a $83.4 million net profit after tax for FY24, an increase of 24.1 per cent compared to FY23.
August 13, 2024
Legal expert opinion finds s99FA still ‘problematic’
Top barrister Bernard Quinn KC, who led a high-profile investigation into racism in the AFL, says section 99FA of the SIS Act as amended by the government in its Delivering Better Financial Outcomes bill just pays lip service to the recommendations of the Quality of Advice Review. Despite claims to the contrary, super funds may still take a “conservative” approach and check every statement of advice before allowing fee deductions.
August 12, 2024
‘Proving what’s possible’: WT boasts over 50pc profit increase
As licensees jockey to generate profitable businesses, WT Financial Group may have handed out a blueprint. The company has an announced an indicative net profit before tax increase of 51.4 per cent and will distribute its first dividend in seven years.
August 12, 2024
Maintaining client confidence during market downturns
A confident adviser can help clients with worries and concerns not make rash decisions during uncertain times. How those conversations take place is an essential part of the value proposition planners offer.
August 09, 2024
After 175 years, AMP bids emotional farewell to advice
In its 175-year history, there’s scarcely been a time when AMP hasn’t been a major player in financial advice in Australia, but Simon Hoyle writes the departure of the last institutional player symbolises the new era of advice.
August 08, 2024
Iress appoints superannuation CEO
Iress has appointed Sam Wall as CEO of its superannuation business.
August 08, 2024
More haste, less speed needed in advice reforms
The clock is running down on Stephen Jones’s financial advice reforms, but if the experience of legislating tranche one of the Delivering Better Financial Outcomes is anything to go by, a little more haste and a little less speed would be a good thing as the critical second tranche nears its consultation phase, writes Simon Hoyle. These reforms are too important to waste time going back to fix things up – again.
August 07, 2024
Tapping the human brain to improve insurance for members
Rapid advances in neuroscience and artificial intelligence are converging to present clear opportunities to reimagine how life insurance is designed and delivered to super fund members. As well as offering the prospect of better treatment and management of illnesses, insurers are entering an era of more personalised cover and communications.
August 07, 2024
Sequoia appoints Mike Ryan as chair
Sequoia Financial Group has appointed Mike Ryan as chair, effective immediately.
August 07, 2024
Union director and former AIST president joins REST board
REST has named Catherine Bolger as a new employee-nominated board director, replacing Julia Fox who retired in May 2024.
August 07, 2024
