ASIC issues DDO stop order against Australian Unity
ASIC has made an interim stop order preventing Australian Unity from distributing the Select Income Fund (SIF) to retail clients.
June 05, 2024
Equity Trustees hit with APRA fine over data reporting failure
APRA has fined Equity Trustees $782,500 for failing to meet its legal obligations to report data to the regulator.
June 05, 2024
How platform and service innovation will fuel future of advice
This year marks 10 years of BT Panorama and after a decade that has been marked by transformation within the wealth management industry, BT chief executive Matt Rady predicts how platforms – including BT Panorama – will continue to evolve their offering.
June 05, 2024
Why 2014 makes 2024 look like a walk in the park
If you think the Quality of Advice Review reforms are a mess then you’re not wrong, but in comparison with what was going on 10 years ago they’re a walk in the park. In 2014 the acronym on every adviser’s lips was “FOFA”. Today advisers fall into two camps: those that lived through the reform process, and those who are lucky enough to not have. But in other respects, all advisers today are the clear beneficiaries of the pain endured a decade ago.
June 05, 2024
What’s behind the 146pc growth in managed accounts?
The growing appeal of managed accounts has seen the proportion of advisers utilise them increase three-fold over the past decade. In the next few years it is expected that three-quarters of advisers will be using managed accounts in their services.
June 05, 2024
‘Lots of little things’ to make a big difference for Godfrey Pembroke
As the fiercely independently minded Godfrey Pembroke licensee emerges from the institutional ownership of Insignia Financial, Practice Development Group head Trevor Bransdon says the licensee is relishing a future determined by advisers, for advisers.
June 04, 2024
FAAA twists qualified adviser standard to set up holistic adviser pathway
The Financial Advice Association will recommend qualified advisers hold a Graduate Certificate, a level higher than a Bachelor’s Degree. The association argues those without a degree will still be able to leverage existing work experience to qualify for courses and a grad certificate creates an easier pathway to completing the education standard.
June 03, 2024
Lonsec claims it will maintain independence with GDG takeover
Lonsec will remain a standalone business following its takeover by Generation Development Group and the researcher will discontinue further ratings of GDG products. Michael Wright will stay on as Lonsec CEO and tells Professional Planner the deeper pockets of an ASX-listed owner will help the researcher grow.
June 03, 2024
Retirees keen to support children, but not at the cost of their lifestyle
More than two in three Australians aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance for their children, according to a AMP research.
June 03, 2024
Super Members Council appoints inaugural chair
The Super Members Council has appointed business leader Ann Sherry as its chair, replacing interim chair Nicola Roxon who will continue to serve on the SMC board as a nominee of HESTA.
June 03, 2024
HESTA sees increasing member interest in digital tools
Health industry fund HESTA said its members are increasingly adopting digital tools for retirement planning purposes.
June 03, 2024
