Allianz Retire+ hires joint heads of group retirement solutions
Allianz Retire+ has appointed Catherine van der Veen and Lucy Foster as joint heads of group retirement solutions client delivery, a newly created position.
November 10, 2023
Centrepoint expands footprint in ‘profitable’ salaried advice market
Due to complete a deal to wholly acquire Queensland-based advice practice Financial Advice Matters, Centrepoint CEO John Shuttleworth says the licensee group is more interested in expanding its salaried advice channel, rather than taking minority equity stakes in aligned firms. The acquisition expands Centrepoint’s foray into practice M&A, but it will rely on a loan from a big four bank to complete.
November 09, 2023
Adjusted cost recovery estimate results in $400 ASIC levy reduction
Based on revised cost recovery figures for ASIC’s enforcement action, the revised ASIC adviser levy will come to $2818 per adviser, representing a $400 reduction.
November 09, 2023
OTC derivative issuers pay $17m compensation
ASIC has overseen $17.4 million in compensation payments to over 2000 retail clients due to financial services law breaches by eight retail over the counter (OTC) derivative issuers.
November 09, 2023
Rest to establish in-house global equities management capability with new hire
Industry super fund Rest has appointed Richard Mercado as its head of internal global equities, tasked with building an internal global equities management capability.
November 09, 2023
Consumers confused over ESG and sustainability: CFS research
Research from Colonial First State has found that Australian consumers are confused by sustainability claims and cannot differentiate between ESG investment options.
November 09, 2023
FAAA appoints university and student programs head
The Financial Advice Association has appointed Louise Trevaskis as head of university and student programs as part of its strategy to bring more graduates into the financial planning profession.
November 09, 2023
Complii and Praemium enter strategic partnership
Capital markets platform Complii Fintech Solutions has partnered with investment platform Praemium to actively engage in cross referrals, encouraging clients to explore the comprehensive services offered by both businesses.
November 09, 2023
Investment committees benefit all advice models
Investment committees are often viewed as a way for financial advisers to have a degree of separation from the fund allocation process to help reduce conflicts, but that benefit can extend to other business models, even investment-focused practices.
November 08, 2023
Funding cut for ‘resounding success’ women in advice mentoring program
Touting the women in advice mentoring program a “resounding success”, the FAAA has lamented its discontinuation for 2024, citing a lack of funding after the government pulled support. It’s a setback amid efforts to move the dial on a male-dominated profession.
November 08, 2023
Risk inflows increase in FY23 but sales decline: PFL data
Year-on-year risk inflows rose 2.1 per cent in FY23 compared to the previous financial year, but risk sales finished down according to data from Plan for Life.
November 08, 2023
