Industry Updates

Iress appoints superannuation CEO

Iress has appointed Sam Wall as CEO of its superannuation business. 

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.

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.

Sequoia appoints Mike Ryan as chair

Sequoia Financial Group has appointed Mike Ryan as chair, effective immediately. 

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.  

Outside of Dixon, CSLR covers disparate group of firms

While the advice profession has justifiably been outraged by the amount of claims it has to pay related to Dixon Advisory, another 300 claims expected to go through the Compensation Scheme of Last Resort will be from 31 other firms.

Global X CEO steps down

Global X chief executive officer Evan Metcalf has stepped down from his role, having spent a decade at the firm including almost two years as CEO.

Sick of advice being ignored, this adviser will run for Parliament

An adviser who lives and works on Sydney’s northern beaches, James Walker-Powell will run against incumbent Zali Steggall in the seat of Warringah in the upcoming federal election. While he will run for a minor party, the advice veteran hopes the campaign will draw attention to the industry's plight.

Cbus names head of portfolio construction

Cbus Super has appointed former Victorian Funds Management Corporation chief investment officer Justin Pascoe as head of portfolio construction.  

What it will take to bring advisers back to life

Reform of life insurance advice over the past seven years has led to a slump in the number of financial advisers specialising in risk – bad news for advisers, insurers and consumers alike. Now, advisers, licensees and underwriters are struggling to make writing risk insurance attractive and economically viable for advisers.

FSC pushes back on YFYS expansion

The peak body for product manufacturers has argued the Your Future Your Super performance test should stick to monitoring simpler products. For complex Choice products, the council argued the role of financial advisers making individually directed decisions should be respected.

Succession Matters appoints Luke Towers as partner

Insurance advice business Succession Matters has appointed Luke Towers as partner.

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