Aware Super appoints operations GM
Aware Super has appointed Winnie Huen to the newly created role of general manager strategy and transformation.
May 16, 2024
‘Non-negotiable’ new entrant pathway doesn’t lower standards
The Joint Associations Working Group’s new education pathway proposal aims to expand flexibility for people joining the profession, but stressed the proposal maintains a high standard for the industry.
May 15, 2024
OneVue client data impacted amid Iress GitHub breach
After reporting a breach on its GitHub account, Iress has since discovered that a credential was stolen and used to gain access to Iress’ OneVue production environment.
May 15, 2024
RFS Advice chief executive Paul Forbes to step down
An ardent believer in building professionalised advice businesses, Forbes will step away after spending the last 13 years leading RFS Advice. He will continue to lead Australian Advice Network, the licensee for high-performing advice practices RFS, Evalesco Financial, Centaur Financial Services and Guide Financial.
May 14, 2024
Give us guidance if there’s no safe harbour: SIAA
The Stockbrokers and Investment Advisers Association wants guidance for what will satisfy the Best Interest Duty after the safe harbour provisions are removed as part of the QAR reforms. The association also weighed in on two controversial elements of the QAR legislation, expressing concern over super fund advice fee oversight rules, but has admitted there is a “divergence of views” over the new class of “qualified advisers”.
May 14, 2024
Equity Trustees to take possession of ANZ’s will bank
Nearly 6000 wills, along with related estate planning documents currently held by ANZ Group, will be transferred to Equity Trustees for management and safekeeping.
May 14, 2024
Looking beyond remuneration to find the best talent
Remuneration will always be a leading factor when it comes to hiring, but the best quality candidates will value other benefits, not just their take home pay. For practices looking to replace talent or expand its presence, there is work in not only establishing a strong employee value proposition, but how that is articulated to potential candidates.
May 13, 2024
Adviser-built portfolio FUA explodes, but fewer take DIY route
Research has found that the average FUA in portfolios constructed mostly or entirely by advisers themselves has grown dramatically since 2018, but the number of advisers building portfolios themselves has almost halved. The fastest growth in adviser portfolio construction is in the use of off-the-shelf solutions.
May 13, 2024
FAAA calls for CSLR cost management in budget wishlist
The Financial Advice Association has called on the Federal Government to better manage costs across the Compensation Scheme of Last Resort and implement a fairer ASIC funding levy for advisers ahead of the Tuesday budget.
May 13, 2024
Iress to strengthen security protocols after GitHub breach
Iress has advised that on Saturday 11 May 2024 it detected and contained an unauthorised accessing of Iress’ user space on GitHub, a third-party code repository platform which manages software code before it goes live in production on a separate platform.
May 13, 2024
REST calls for better super treatment for young workers
Retail workers industry fund REST has urged the Australian Government to remove a rule that prevents most workers under-18 years old from earning any superannuation after research showed that the majority of Australians supported the change.
May 13, 2024
CSLR costs spiralling out of control: FAAA
The Financial Advice Association has called on Minister for Financial Services Stephen Jones to take action on the escalating costs of the Compensation Scheme of Last Resort.
May 10, 2024
