Treasury lacks seriousness, gravitas over reform
Recent consultations have shown Treasury has struggled with financial services reform, writes Tom Ravlic, with complaints from various stakeholders indicating suggestions or concerns are not being taken as seriously as they should be.
April 08, 2024
‘Total cock-up’: QAR reform process hit by drafting bungle
Minister for Financial Services Stephen Jones has admitted a mistake in the drafting of the QAR bill which would have effectively banned commissions for general advice providers, putting life insurance call centres and most general insurance brokers out of business. The government will now remedy the error, but process will almost certainly delay financial advice reform.
April 05, 2024
Giving advice from the heart
After surviving cancer in her 20s and giving birth to her daughter in 2009, Burcheart founder Sacha Burchgart wanted to do something that helped people and turned to financial advice as that outlet. Now 10 years on since launching her own financial planning business, she has since developed into an award-winning planner as recognised by the profession’s peak association.
April 05, 2024
NZ Super makes board appointment
Hinerangi Raumati-Tu’ua has been appointed to the Board of the Guardians of New Zealand Superannuation, the manager of Kiwi sovereign fund NZ Super.
April 05, 2024
YFYS review creates ‘red pill or blue pill’ moment for super funds
The current Treasury review of the Your Future Your Super laws is an opportunity to design a better performance test with better outcomes for members, write The Conexus Institute's Geoff Warren and David Bell. But many funds have now adjusted to the old test and subscribe to the view of “better the devil you know”, making the road to reform more difficult.
April 04, 2024
Insight Investment Consultants re-brands, hires senior research analyst
Genium Investment Partners (previously Insight Investment Consultants) has hired Justin Walsh as a senior analyst of research, reporting to co-CEO and head of research, Tim Murphy.
April 04, 2024
JANA appoints two in investment trusts team
Asset consultant JANA has appointed Claire Simpson as head of investments and David Schnell as head of diversified portfolios in its investment trust team.
April 04, 2024
Perpetual appoints lead partner in WA
Perpetual has appointed Tania Cecconi as lead partner in Western Australia.
April 04, 2024
Multiple drivers behind retirees’ wellbeing: Challenger study
Hobbies, sound mental health, physical health and financial stability are the primary factors that improve overall wellbeing for retirees, research by Challenger has found.
April 04, 2024
Client satisfaction drives service evolution
The success and longevity of businesses is driven by client satisfaction, writes BT head of service and operations Sharyn Baker. Advice professionals and clients want seamless customer support and it is incumbent on service providers to deliver on that expectation.
April 04, 2024
The development and future of platforms
The development of platform functionality has come a long way. What was once focused on custody of client assets, platforms now frequently offer end to end services across the advice process.
April 04, 2024
