Over 25pc of energy generation faces high climate risk: Research
Over 25 per cent of Australia’s energy generation currently falls into the three highest climate risk categories, according to the first version of the new Climate Risk Index released by insurer Zurich and consulting firm Mandala Partners.
November 13, 2023
The ever expanding role of AI in advice
AI’s role in financial services is continuously evolving. Licensees like Diverger are working with an AI partner to automate the production of quality file notes, but concerns about data access and regulation persist.
November 10, 2023
ASIC’s HESTA fine only scratches the surface on product labelling
The corporate regulator has taken HESTA to task for alleged “misleading marketing” regarding 10-year performance figures in its ‘balanced growth’ option. But while ASIC is right to insist funds advertise transparently and accurately, Aleks Vickovich writes the adjacent issue of risk categorisation and product labelling warrants more of its attention.
November 10, 2023
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
