UniSuper hires new chief risk officer from Cbus
UniSuper has nabbed fellow industry fund Cbus’ talent Wade Martin as its new chief risk officer.
February 02, 2024
‘Pretty easy fix’: Jones open to dumping qualified adviser tag
Minister for Financial Services Stephen Jones has made it clear to a room full of super fund chairs at the Investment Magazine Chair Forum that advice must be a central part of member retirement strategies. The comments come with a not-so-subtle concession the “qualified adviser” moniker will be gone: “if that’s the biggest problem we’ve got then it’ll be pretty easy to fix,” the minister said.
February 01, 2024
Shift more of the ASIC funding burden to licensees: Petition
As the number of financial advisers declines, inequities are emerging in who foots the bill for the ASIC funding levy. A petition launched by a Fremantle-based financial adviser asks the government to have another think about who pays what.
February 01, 2024
Count firm acquires Melbourne accounting firm’s client book
Advice network Count has acquired the accounting client book of Business Accounting Melbourne via its subsidiary firm Kidmans Partners.
February 01, 2024
AMP confirms all advisers registered ahead of ASIC deadline
AMP is boasting that all of its roughly 900 advisers have fulfilled the obligation to be registered with ASIC before the original deadline. Group executive for advice Matt Lawler says this shows the value of larger licensees that can keep on top of the various obligations that can easily fly under advisers’ radar.
January 31, 2024
Govt looks to codify discretionary qualification powers
The government has released draft legislation giving the Minister for Financial Services discretionary powers to have non-FASEA degrees approved for advisers to meet the education standard. The updated law will allow advisers to have their existing qualification accepted not only by providing an academic transcript but also just a statement issued by the provider of the degree.
January 31, 2024
FAAA members hit with phishing email
The Financial Advice Association has warned its members against what appears to be a phishing email from CEO Sarah Abood on Wednesday.
January 31, 2024
Equity Trustees adds Clearview and Guild Super to client list
Equity Trustees has become the superannuation trustee of Clearview and Guild Super, adding $5 billion in funds under supervision.
January 31, 2024
FAAA publishes pre-budget submission
The Financial Advice Association has published its FY25 pre budget submission, with a focus on reducing the cost of professional financial advice.
January 31, 2024
Break out the shades – the future’s so bright
Revenue and profits are up, costs are static, and demand for a constrained supply of services is increasing. Now the gaze of policymakers is turning to the simplification of legislation, the future for a profession the data already says is in good financial health is looking even brighter.
January 30, 2024
Da Silva aims for gold in new research venture
Shedding the rigidity and lack of creativity that can arise from sticking religiously to fixed approved product lists, research veteran Rob da Silva aims to open the door to new research capabilities designed to be responsive, flexible and cost-effective for advisers, licensees and managers alike.
January 30, 2024
FSC chief executive joins OECD expert group on retirement
Financial Services Council CEO Blake Briggs has been appointed to the Private Pensions Expert Group of Business at OECD.
January 30, 2024
