Mayfair 101 director arrested and charged with dishonest conduct
Mayfair 101 director James Mawhinney has been arrested and charged with four counts of engaging in dishonest conduct in the course of carrying on a financial services business.
April 09, 2024
Advisers vs. super in battle for retirement income
Superannuation funds face losing members if they don't come up with better retirement income solutions and it's financial advisers who could tempt them to greener pastures if they don't lift their game, Simon Hoyle writes.
April 09, 2024
Warnings raised over ‘proliferation’ of unlicensed aged-care advice
Aged Care Steps is pushing for industry feedback to develop a policy framework for regulating aged care advice. The service provider argues the current landscape has led to a prevalence of unlicensed advice in aged care funding decisions.
April 09, 2024
REST invests in industrial property impact fund
Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).
April 09, 2024
Super lobby MIA as JAWG warns of fee deductions ‘hot mess’
The peak bodies for super funds are seemingly unfazed over unchanged provisions relating to how trustees can deduct advice fees from member accounts, despite warnings from the Joint Associations Working Group that the government is only worsening the “hot mess” it promised to fix.
April 08, 2024
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
