Former Millennium3 CEO to lead advice firm Nestworth
Advisory firm Nestworth Financial Strategists has appointed former Millennium3, Lonsdale and IOOF Alliances chief executive Helen Blackford as CEO.
May 23, 2024
Licensees left with the burden of proof on experience pathway
Guidance on the experience pathway shows advisers will not be required to provide proof of their eligibility, just a written statement. While serious penalties apply to advisers and licensees over the veracity of the declaration, it’s up to the latter to do due diligence.
May 22, 2024
ETFs and managed funds compete with property in SMSF allocations
Investing in direct property via SMSFs is an attractive opportunity for those wanting to become their own trustee, but Investment Trends research shows those funds end up being just as or more likely to be invested in ETFs, managed funds and direct shares.
May 22, 2024
No sibling rivalry within CFS as Edge hits $1b milestone
CFS will continue to throw its weight behind both its FirstChoice and Edge, avoiding any chance of a sibling rivalry between platforms. It comes amid strong growth in the early stages of Edge which Professional Planner can reveal has hit $1 billion in FUA.
May 22, 2024
Mine Super, TWUSUPER bump merger completion to 2025
Mine Super and TWUSUPER have completed the first phase of their merger, though the completion date has been pushed out to early 2025 “to focus on a smooth transition”.
May 21, 2024
Change wholesale investor thresholds but grandfather current investors: FSC
The Financial Services Council has put its support behind updating the wholesale investor test thresholds but says existing clients and investors should be permanently grandfathered to mitigate any negative consequences. If the threshold isn't raised, the FSC has recommended removing the family home from the calculations.
May 20, 2024
Double trouble for super funds RIC data needs
Data collection for trustees to develop retirement income strategies is a two-fold issue because of the need to collect aggregate member data to develop strategies, but to also individual data to cater for those members' specific needs.
May 20, 2024
Forbes Fava and Finanalyze complete merger
Advice practices Forbes Fava Financial Planning and Finanalyze Financial Planning have successfully completed their merger to become Forbes Fava Saville.
May 20, 2024
Advisers’ shared experiences and expertise to shape the future of advice
Ahead of the Professional Planner Licensee Summit next month, CoreData is once again canvassing adviser views for its annual presentation to licensee heads. The survey will not only inform licensees at the event about the needs and pain points in this profession – these crucial perspectives are used advocate for the needs of advisers to product providers and regulators.
May 17, 2024
Link Group rebrands after successful MUFG acquisition
Link Group has rebranded to MUFG Pension & Market Services after its acquisition by Mitsubishi UFJ Trust & Banking Corporation was successfully implemented.
May 16, 2024
