Vanguard Super anticipates 2024 adviser push as it nears $1b
Almost doubling its assets under management in six months as it approaches the $1 billion mark, Vanguard Super aims to further drum up support for the fund from its existing financial adviser base during the year. While wary of unlisted assets, Australian MD Daniel Shrimski would not rule out following industry funds down this path.
January 09, 2024
CSLR board estimates $241m for initial levy
The board for the Compensation Scheme of Last Resort has provided a $241 million estimate of the initial levy to fund claims from eligible consumers who suffered from financial misconduct.
January 08, 2024
QAR, self-licensing and tech lead industry priorities for new year
The fallout of the nuances of the government's Quality of Advice Review reforms, along with a continued push toward self-licensing and staying on top of technology implementation are the key issues cited by the advice industry coming into 2024.
January 08, 2024
Sequoia picks up most advisers in CY23
Almost three dozen advisers joined Sequoia during the past calendar year, leading all other licensees in total numbers, according to research from Wealth Data. The modest increase caps off a relatively lighter year for adviser number movements with the profession settling with over 15,500 advisers.
January 08, 2024
FAAA hires marketing and comms head
The Financial Advice Association has appointed John Summerhays as head of marketing and communications.
January 08, 2024
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
