Industry Updates

Vanguard Super appoints non-executive director to trustee board

Vanguard Super has appointed Robin Bowerman as a non-executive director on the trustee board.  

Mercer Super appoints Jim Minto as chair

Retail fund Mercer Super has appointed industry veteran Jim Minto as chair of its trustee board, replacing Jan Swinhoe.  

The art of handling an email breach

Working out who is responsible for business email compromises isn’t always an easy task for financial advice businesses to navigate, but having the correct protocols in place for handling a breach is an important part of governance.

License to thrill members with retirement income solutions

A mixed response to Retirement Income Covenant obligations has prompted the regulators to urge super funds to move faster and move further. A new green paper proposes an approach that would leave the retirement income field open only to those funds that really want to provide a high standard offering.

ASIC and OAIC sign MoU allowing information sharing

ASIC and the Office of the Australian Information Commissioner have signed a Memorandum of Understanding to permit data and privacy breach information sharing.

Bump, don’t jump: Incrementally stay ahead of fee increases

Staying on top of cost increases by re-pricing in smaller increments more frequently will help prevent costs eating into profit margins and sticker shock to clients when a significant fee increase is needed, writes Rob Jones.

‘Red tape bomb’: Tax adviser changes draw opposition’s scrutiny

The federal opposition has hopped on the criticism of the government’s changes for tax advisers which set a firm implementation deadline that falls in the peak of tax season. The opposition has accused the government of leaving small businesses to end up being collateral damage in an attempt to crack down on the misconduct of larger, international firms.

Joint bodies call on government to revise tax adviser amendment

The Financial Advice Association, along with nine other professional bodies, have written to Minister for Financial Services Stephen Jones raising concerns around new rules contained in a determination that creates compliance hurdles for tax advisers that operate in small to medium practices.

Growth is paramount as businesses look to expand over the upcoming year

Throughout the next financial year, better utilising technology or recruiting advisers with established client books are among the initiatives advice practices will look to use to unlock further growth in their businesses.

Equip Super delivers 9.24pc MySuper FY24 return

Equip Super has posted a 9.23 per cent return for its balanced growth option in FY24, while the MySuper option delivered a 9.24 per cent return.  

Clime appoints acting MD after CEO resignation 

Clime has appointed Michael Baragwanath as acting manager director following the resignation of CEO Annick Donat which was announced earlier this week.  

Equip Super survey reveals travel top retirement priority 

According to a survey by super fund Equip Super, 71 per cent of Australians consider travel their top priority when spending retirement savings. 

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