What went wrong with the QAR
We’ve only scratched the surface with draft legislation, writes Simon Hoyle, but what has been delivered so far is underwhelming the advice industry and super funds are left confused over their obligations. What was meant to be an easy fix has turned into a bigger mess.
April 02, 2024
Advice Academy launched to solve ‘big gnarly problem’
Kaplan Professional and the Financial Advice Association will launch the Advice Academy to set an industry standard for the Professional Year to help resource-strapped practices implement better PY programmes.
April 02, 2024
AZ NGA appoints executive general manager
AZ NGA has appointed Chesne Stafford to the newly created role of executive general manager.
April 02, 2024
Count picks up Insignia practice
Count has added advisory business Murray Nankivell to its network, having previously been licensed by Insignia-owned Australian financial services licensee Consultum.
April 02, 2024
ASIC wins first greenwashing case amid climate disclosure push
ASIC has scored its first win on the greenwashing front as the Federal Court ruled in its favour on Thursday that Vanguard Australia made “misleading claims” in one of its investment products. It came as the Labor government ramps up its legislative commitment to net zero action before the election.
March 28, 2024
Legalsuper appoints investment and commercial execs
Legalsuper has appointed Paul Murray as its chief investment officer, Colin Adamson as chief commercial officer and Alissa Knight to the office of the CEO and strategy.
March 28, 2024
Union boss joins Spirit Super board
Spirit Super has appointed Andrew Dettmer, national president of the Australian Manufacturing Workers Union, to its board, replacing David Smith who is finishing his term after 12 years as a member representative.
March 28, 2024
First Nations Foundation locates $25.2m in lost super
First Nations Foundation has reconnected Indigenous communities with $1.2 million in superannuation in 2023, boosting the overall total of super located to $25.2 million.
March 28, 2024
Super fund advice fees shortcomings unaddressed in QAR legislation
Legislation tabled in Parliament addressing Stream One of the Quality of Advice Review reforms leaves unchanged provisions relating to how superannuation trustees can deduct financial advice fees from members’ accounts. The industry believes this will impact the QAR’s stated goals of improving advice affordability and accessibility.
March 27, 2024
QMV Legal closes shop following Novigi acquisition
Novigi has closed its specialist superannuation law advisory practice, QMV Legal, with managing partner Jonathan Steffanoni set to start a new firm.
March 27, 2024
