Frontier Advisors restructures research team
Frontier Advisors has restructured its research team, promoting a slew of internal talents.
November 24, 2023
AMP settles BOLR for $100m but reactions mixed
AMP will settle its Buyer of Last Resort class action for $100 million, aiming to close the book on an unpleasant era for the embattled wealth giant. Within the class action camp, feelings are mixed with some happy to move on while others feel the settlement under delivers what they feel is owed.
November 23, 2023
BOLR over: Farewell to a scheme mired in the bad old days of advice
The settlement of the AMP Buyer of Last Resort class action on Thursday rules a line under one of the more archaic aspects of the Australian advice industry, and marks the end of a structure that simply became unfit for purpose.
November 23, 2023
ASIC gains court order for iExtend to apply for an AFSL
ASIC has accepted a court enforceable undertaking from iExtend after investigating concerns it was operating a financial services business without an Australian Financial Services Licence.
November 23, 2023
Mercer fined $12 million for fee disclosure failures
The Federal Court has ordered Mercer Financial Advice pay a $12 million penalty after being found to have failed in its fee disclosure obligations and charging fees to customers it was not entitled to charge.
November 23, 2023
MLC Life hires three in distribution team
MLC Life Insurance has made three appointments in its northern region retail distribution team.
November 23, 2023
ASFA names former HESTA executive Mary Delahunty as CEO
The Association of Superannuation Funds of Australia has appointed former HESTA executive Mary Delahunty as CEO.
November 23, 2023
Advice fee deductibility draft determination due ‘any day now’
The advice profession should have a better indication on which of its services will be tax deductible in future, with an updated draft determination due soon from the Australian Taxation Office, according to the Financial Advice Association.
November 22, 2023
Rest commits $1 billion to green data centres
Rest has invested $1 billion in green data centres via renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners.
November 22, 2023
Coredata appoints Dean Thomas as APAC head
Coredata Research has appointed Dean Thomas as CEO of CoreData APAC.
November 22, 2023
The best of financial planning in Australia recognised at inaugural FAAA Awards
The Financial Advice Association Australia (FAAA) has announced the 2023 winners of the inaugural FAAA Awards across six professional categories.
November 21, 2023
