Exam changes welcomed, but cost should be cut: Associations
Adviser exam changes have industry backing, but industry associations used government consultation to raise concerns about cost blow-outs that have occurred since the corporate regulator commenced facilitation of the exam.
January 17, 2024
Almost 6k advisers still need to complete new ASIC registration obligation: FAAA
Nearly 6000 financial advisers are yet to be registered under a separate obligation with ASIC, putting them at risk of no longer being able to provide advice, the Financial Advice Association has warned.
January 17, 2024
NGS Super selects Grow Inc as administrator
The $14 billion NGS Super has appointed startup Grow Inc as its new administrator, switching from Mercer following a review.
January 17, 2024
AIA Australia donates $60k to local sports organisations
AIA Australia has donated a total of $60,000 to three grassroots tennis clubs and three local surf schools in New South Wales and Victoria to support their sports programs.
January 17, 2024
Zenith nabs CFS talent as group head of product
Zenith Investment Partners has appointed Matt Warren to the newly created role of group head of product, reporting to managing director Jason Huddy.
January 17, 2024
‘Fragmentation’ of advice a challenge for ASIC, ex-commissioner says
Monitoring and regulating small licensees and their advisers is one of the issues that kept former ASIC commissioner Danielle Press up at night. In her first interview since leaving the regulator, Press says the perception the ASIC left smaller licensees unsupervised in favour of watching the top end of town is inaccurate, but the regulator always had to make tough choices where to allocate its finite resources.
January 16, 2024
Distribution agreements boost HUB24’s adviser base 16 pc
Agreements made in the December quarter, including a deal with Insignia Financial, has bumped the number of advisers using HUB24 by 16 per cent. The increase comes amid the firm’s goal of $100 billion platform funds under administration by FY25.
January 16, 2024
APRA retires two prudential practice guides for insurers
APRA has retired two prudential practice guides for general and life insurers as it looks to consolidate the regulatory framework.
January 16, 2024
Former UniSuper CEO Kevin O’Sullivan joins the CSLR board
Former UniSuper CEO Kevin O'Sullivan has joined the Compensation Scheme of Last Resort transitional board as a non-executive director, ahead of the scheme’s scheduled commencement in April.
January 16, 2024
Charity development fund appoints JANA as asset consultant
Religious charitable development fund Uniting Financial Services (UFS) has appointed asset consultancy JANA to advise its investments.
January 16, 2024
Sequoia appoints WA/SA state manager
Sequoia Financial Group has appointed Bernie Fernandes as the state manager of Western and South Australia.
January 16, 2024
‘Consider options’ before switching off C and D clients
Advice practices are flooded with clients, and it’s meant that less profitable C and D clients are let go for the sake of retaining higher balance ones. However, a pair of advisers say that utilising technology has helped them retain these clients profitably.
January 15, 2024
