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
Professionalism fights its way back onto FAAA agenda
The Financial Advice Association is canvassing member views for its policy platform up to 2030. While advocacy was raised as a key concern by members during the merger of the two main advice associations earlier this year, the ongoing professionalism of financial advice has not been forgotten by the membership base.
November 21, 2023
Total super assets hit $3.56 trillion in September: APRA
Australia’s total superannuation assets have increased 8.5 per cent year on year thanks to strong contribution inflows and positive investment returns.
November 21, 2023
Acadian paper highlights extension strategies
A new paper identifies the differentiation of strategies that improve risk-adjusted performance from those that simply amplify active risk.
November 21, 2023
CFS launches new integration feature for FirstChoice platform
Platform aiming to reduce set-up time for new and existing accounts via integration with wealth management software Xplan.
November 21, 2023
