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
ASIC changes first 2024 exam date
To accommodate implementation of changes announced for the adviser exam last week, ASIC has announced the date of the first 2024 adviser exam will be 24 March.
December 19, 2023
Mine Super and TWUSUPER unveil merged fund name
Industry funds Mine Super and TWUSUPER are on track to complete their merger by mid 2024, announcing that the new entity will be named Team Super.
December 19, 2023
Australian Unity appoints GM of its trustee business
Australian Unity has appointed Kirstin Follows as executive general manager of trustees, who has been acting in the role since July this year.
December 19, 2023
Advisers caught up in PwC-driven tax agent Code change
Financial planners that are registered to provide taxation advice have been swept into Code of Professional Conduct changes, writes Tom Ravlic. The code revisions, which are a reactive response to the fallout of the PwC scandal, add another redundant layer of bureaucracy.
December 18, 2023
‘Not trying to be fund managers’: In-house MAs a matter of value not conflicts
Utilising managed accounts either in-house or through an external provider each comes with a raft of pros and cons – along with the scrutiny over perceived conflicts. The Researcher Forum has heard the decision ultimately comes down to what is fit for purpose for the advice firm and where the service proposition truly lies.
December 18, 2023
Link Group receives $1.2b takeover bid
Super fund administration service provider Link Group has received a $1.2 billion takeover bid from a subsidiary of Japanese giant, Mitsubishi UFJ Financial Group.
December 18, 2023
