Industry Updates

Advisers are the secret weapon to member retention

The key to super funds retaining members through retirement will ultimately come down how they facilitate access to advice, particularly through independent advisers, according to research from Investment Trends.

First Nations super coverage improves but more work remains: ASFA

While superannuation coverage for First Nations Australians has been improved in the past year, more work needs to be done to bring it up to the overall national standards, according to research by ASFA and First Nations Foundation.  

Insignia reveals ‘greatly needed’ corporate restructure

In one of his first major acts since taking the reins of the wealth giant, Insignia CEO Scott Hartley tells Professional Planner how the new structure will bring the business back to an industry leading position. Among the changes includes the recruitment of AMP’s chief marketing officer, Renee Howie, who will lead the advice channel.

Insignia reorganisation aims to simplify complex beast

A raft of acquisitions of wealth brands in a post-Hayne royal commission world created an unprofitable and complex mess for Insignia, Simon Hoyle writes. But new CEO Scott Hartley’s restructure separates the business lines in a way it can better identify and challenge its competition.

FNF partners with Morningstar on indigenous financial education

First Nations Foundation has joined up with Morningstar to launch the first investment education and training course created specifically for Aboriginal and Torres Strait Islander people. 

Adviser salaries eclipsed by rising inflation

Financial adviser salaries have not kept pace with inflation since the turn of the millennium, according to research from recruitment firm Recruit 2 Advice. In 2000, the average adviser salary was $110,000 which has risen to $165,000, but based on inflation it should be much higher.

Can advisers trust their software providers with data security?

In an era where security breaches and cyber incidents are a question of ‘when’ rather than ‘if’, advisers need to be particularly selective when choosing their technology providers.

Fintech Padua appoints key accounts director

Financial technology firm Padua has appointed Katie Cirjak as key accounts director.  

MetLife announces product updates

MetLife Australia has announced updates to MetLife Protect and MetLife Protect Super, effective from 30 June 2024. 

Say hi to AI: Outsourcing inevitable as support staff shrinkage continues

The past couple of years have seen advice practices reduce their support staff with technology for improved efficiency and lower costs. Practices that relied on support staff are rapidly adapting to using technology-based solutions, like AI.

Financial future of next gen front-of-mind for clients

Amid a cost of living and housing crisis, clients are becoming more worried about their children’s financial affairs more than their own. This presents an opportunity for advisers to assess how much help those clients can offer without impacting their own retirement goals.

REST increases investment in real estate debt

REST has upped its investment in Australian asset manager Metrics Credit Partners’ Real Estate Debt Fund (REDF), which will be deployed into Australian commercial real estate loans across sectors including residential, industrial and specialised real estate assets. 

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