Professionalism takes blows in transitional year for advice
This was the first year to see pushback against professionalism since the end of the Hayne royal commission, with the experience pathway enshrined into law and the Government proposing to allow lesser-qualified advisers to give advice, albeit on a narrower scope of topics.
December 21, 2023
Court finds OnePath did not breach duty of utmost good faith
The Federal Court has found that Zurich Australia did not breach its duty of utmost good faith when OnePath Life, the previous owner of Zurich’s life insurance business, avoided an income protection policy because the insured failed to disclose a prior history of hospitalisation for serious mental health issues.
December 21, 2023
First Nations financial groups launch scholarship program for women
First Nations Economics and First Nations Foundation have launched a $120,000 scholarship program to support women studying finance and business.
December 21, 2023
Finalists to the AMP ASTRUM quality award announced
AMP has announced the finalists for the 2023 ASTRUM quality award.
December 20, 2023
New kid on the block: AI steps in to close the advice gap
The growing number of AI tools being deployed by financial advisers is helping firms to improve efficiencies in their business and provide better service. While there are risks in using AI, there is also a pathway for practices to effectively implement the technology.
December 20, 2023
Overcoming the ‘what’s next?’ hurdle of practice benchmarking
Turning the results of a benchmarking survey into practical actions is often where the process falls down for advice business owners. Drawing on the experiences of peers and others who’ve been there and done that is one way to overcome that hurdle.
December 20, 2023
CEFC commits $75 million to first close of New Forests fund
Clean Energy Finance Corporation has invested $75 million in the forestry sector via specialist fund manager New Forests, targeting carbon abatement of one million tonnes over the next decade.
December 20, 2023
Advice tech spending plateaus as firms warned tech not the totality
The latest Netwealth AdviceTech buyers guide has found technology spending has remained largely unchanged. Although the better performing businesses will continue to make tech investment a priority, industry experts say higher budgets don’t automatically correlate to success.
December 19, 2023
Super dates every adviser needs to know in 2024
With the new year upon us, it’s time for advisers to familarise themselves with the key superannuation dates for 2024. Jenneke Mills writes there is much to be aware of with super caps, downsizer contributions and super guarantee increases to consider throughout the year.
December 19, 2023
Northern Trust fined over greenwashing claims
Northern Trust Asset Management has paid $29,820 to ASIC over two infringement notices for greenwashing activities, an update from the corporate regulator has said.
December 19, 2023
