Bombora appoints growth manager to bolster risk network
Bombora Advice has appointed David Mounsey as business growth and development manager, a newly created role to strengthen Bombora’s risk specialist marketplace.
July 09, 2024
Business is increasingly risky, giving good advice is not
The biggest risks facing advice businesses are not what advisers think they are, Entireti Group’s Neil Younger writes. However, this doesn’t preclude practices from taking a proactive approach to mitigating risk.
July 08, 2024
Advisers cop another multi-thousand-dollar ASIC levy
FY24 ASIC levy figures released by the regulator show the high cost will stay for another year. The figures come just a week after a Senate committee led Liberal Senator Andrew Bragg recommended shifting the funding model to being reliant on the proceeds of regulatory fines and penalties.
July 08, 2024
AMP appoints head of retirement solutions
AMP has hired Estelle Liu as head of retirement solutions, a newly created position as AMP bolsters its retirement capabilities.
July 08, 2024
Iress infuriates advisers with quiet changes to exit terms
Iress has quietly changed the terms for ending a service agreement to use Xplan – advice practices now only have a 30-day window leading up to the anniversary date of their service agreement to cease the contract – otherwise they are on the hook for a full year of expenses. Iress says this better aligns with standard practice for tech suppliers.
July 05, 2024
A by-product of the cost-of-living crisis: Retirement, delayed
Inflation is one of the major risks any provider of retirement solutions needs to effectively address, but inflation is having another, possibly unexpected impact on retirement: concerns over the rising cost of living are beginning to cause people to think about retiring later.
July 05, 2024
June adviser exam sees 70pc pass rate
Around 70 per cent of candidates have passed the 25th adviser exam, which was held in June, according to an update from ASIC.
July 05, 2024
‘Huge victory for common sense’: Advice sector gets DBFO win
The first DBFO bill has passed with amendments to the controversial section 99FA of the Superannuation Industry (Supervision) Act. While the changes have been welcomed by the advice sector, along with the Super Members Council, the opposition has reminded the government they were defending the bill only weeks ago.
July 04, 2024
IFS and Kaplan partner on proposed education solution
Industry Fund Services and Kaplan Professional have partnered on a proposed education solution to develop future talent.
July 04, 2024
Tax adviser breach reporting rules tread unfamiliar ground
Financial advisers with a tax agent registration will soon need to comply with new breach reporting laws, but Tom Ravlic writes despite this regime focusing only “significant” breaches of the TPB’s Code of Professional Conduct, there is no explanation for how this is defined.
July 04, 2024
TelstraSuper returns 9.6pc in FY24 for default MySuper
TelstraSuper has posted a 9.6 per cent return for its MySuper Growth option in FY24, which is the investment option that applies to all members below age 50 who do not make an investment choice.
July 04, 2024
Aware Super reports 11.02pc FY24 MySuper return
Aware Super has reported an 11.02 per cent return for its High Growth accumulation option in FY24, the default members aged 55 and under with the fund’s MySuper product, which has a lifecycle design.
July 04, 2024
