WT Financial Group picks up Millennium3 for $2m
Just months after Insignia Financial signalled its intention to offload its licensee businesses, WT Financial Group will pick up Millennium3 bringing on board 75 advice practices and 140 advisers.
November 21, 2023
Growth funds’ returns dip in October: Chant West
The return of median superannuation growth funds (invested 61 to 80 per cent in growth assets) fell 1.5 per cent in October, according to fund research group Chant West.
November 20, 2023
Retail super giants abandon ASFA, adding to financial woes
Insignia Financial and Colonial First State ceased their membership of the troubled Association of Superannuation Funds of Australia in recent months. The exit of two major members is expected to result in a financial hit of at least $150,000 for the peak body and follows a round of staff redundancies.
November 20, 2023
Unique roles present distinctive opportunities for women in advice
Several prominent female advisers have moved from serving higher balance, retirement-focused clients to roles coaching women in financial literacy. But while these women have branched out to serve a much-needed market, there is still a gap in the provision of holistic advice that needs to be filled by more women.
November 17, 2023
COG takes ClearView’s Centrepoint holdings
COG Financial Services has acquired 19.99 per cent of Centrepoint for $13 million, just days after pulling its rival offer for Diverger.
November 17, 2023
Count amends Diverger offer
Count has amended its binding scheme implementation agreement to acquire Diverger, announced in September and due to be completed in February.
November 17, 2023
Objective of super bill introduced into parliament
The government has introduced a bill to legislate the objective of superannuation to parliament on Thursday.
November 17, 2023
Rest appoints head of public policy
Industry fund Rest has appointed Enrico Burgio as head of public policy, as part of its focus on supporting policy and regulatory outcomes in the best interests of its growing membership, according to an update from the fund.
November 16, 2023
MetLife partners with Australian Wildlife Conservancy
MetLife Australia has signed a three-year deal on a partnership to conserve Australian native animal species and the habitats in which they live.
November 16, 2023
Taking a ‘Shark Tank’ approach to academia
Academics often receive a degree of scepticism by the professions they research, but at FAAA Congress next week, one session will have attendees take a mock “Shark Tank” approach to academic research presenting advisers with the opportunity to scrutinise potential projects.
November 16, 2023
