Iress completes sale of OneVue platform business
Iress has completed the sale of the OneVue platform business to ASX-listed Praemium.
April 15, 2024
ASIC appoints Yanco interim CEO as Day departs
ASIC has appointed Greg Yanco as interim CEO, replacing Warren Day who will join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as its executive officer.
April 15, 2024
Insignia deal delivers Godfrey Pembroke back into advisers’ hands
After the potential co-operative deal with Clime lapsed, Godfrey Pembroke will go it alone after two decades of institutional ownership has ended. CEO Mark Fisher explains why it is symptomatic of a broader trend of advisers spurning institutions as licensees, while Insignia CEO Scott Hartley describes it as a natural step in the professionalisation of advice.
April 12, 2024
Outgoing AMP chair backs ‘real deal’ transformation
After a year when AMP settled two key class actions, outgoing chair Debra Hazelton told the embattled wealth giant’s AGM that shareholders will have to continue to be patient with the company’s transformation which is still likely to be a long process.
April 12, 2024
ESSSuper class action launched over unpaid entitlements
Gordon Legal has commenced a class action against the Emergency Services Superannuation Board (ESSSuper) for unpaid super entitlements.
April 12, 2024
‘Fast-track’ QAR reforms, new chief super lobbyist tells govt
Misha Schubert, the inaugural CEO of the new Super Members Council, has called on the Albanese government to expedite its response to the Quality of Advice Review and says her members want to provide more “low and no cost advice” to millions of Australian workers. Drafting errors plaguing the legislative process so far can be swiftly resolved, she says, and “cool heads” should prevail.
April 11, 2024
Court fines ‘licensee for hire’ Lanterne $1.25m
Lanterne Fund Services has been ordered to pay a $1.25 million fine after the Federal Court ruled the AFSL failed in its obligations to have sufficient processes in place as a licensee. The court took mercy after the group took steps to remediate process, leading to a smaller penalty than the regulator initially sought.
April 11, 2024
ASFA appoints head of policy and advocacy
ASFA has appointed James Koval as its head of policy and advocacy in a newly created role.
April 11, 2024
Playing with the boundaries of financial advice
The thought of delivering financial advice the same way that every other advice firm does it simply horrified Kearney Group CEO Paul Kearney. Instead, he embarked on a bold plan to re-engineer his advice firm and now, around two years later, it’s beginning to bear fruit. Where it goes next is anyone’s guess, but it won’t follow a traditional growth path.
April 10, 2024
To solve the longevity puzzle, turn to the professionals
Retirement is complicated, it frequently doesn’t happen the way we plan or wish, and more people every day are facing the transition from employment to retirement, Simon Hoyle writes. Super funds themselves can’t get financial advice to every member who needs it, so the role of professional advisers is critical.
April 10, 2024
Life Code breaches increase for third consecutive year
Total breaches of code obligations have increased for a third consecutive year according to the latest report released by the Life Code Compliance Committee (Life CCC).
April 09, 2024
