ART appoints head of investment resilience and planning
Australian Retirement Trust has appointed Jody Fitzgerald as head of investment resilience and planning, in a newly created role.
November 07, 2023
‘We’ll be ready in 3 days’ if QAR goes into effect
Preparing for the Quality of Advice Review reforms is a litmus test for practice adaptability, writes Plutosoft's Vincent Holland. Practices can begin to start preparing now because the law reform itself won't automatically make businesses more efficient.
November 07, 2023
Change to ‘qualified tax relevant provider’ definition
Advisers who are a relevant provider and a registered tax agent now satisfy the definition of a ‘qualified tax relevant provider’ without having to meet the requirements of Division 3 of Part 3 of the Relevant Providers Determination, according to an update from ASIC.
November 07, 2023
Impartiality or sales pitch: Asset-based fees under scrutiny
Advisers have been encouraged to review their fee structures as clients retire, with concerns about potential conflicts of interest from asset-based fees. PIFA president Daniel Brammall stresses the need for impartiality in financial advice, promoting alternative fee models like fixed fees and retainers. The goal is to build long-term client relationships and ethical business success.
November 06, 2023
BT stalwart Viridian gives CFS another edge
Viridian Advisory, a longstanding partner of Westpac/BT and a beneficiary of the big banks’ Wexit, has signed on as a “cornerstone client” of Colonial First State’s new platform, Edge. Still one of the largest users of Panorama, the relationship with former BT executives made for an easy connection at CFS.
November 06, 2023
Quinbrook launches carbon footprint reporting platform
Asset manager Quinbrook Infrastructure Partners has launched a digital platform, Quintrace, to help customers trace, audit and report their hourly carbon footprint.
November 06, 2023
BT’s PPM transition to Mercer successful
Mercer has announced that the transition of BT’s Private Portfolio Management business from Westpac Group to Mercer has been successful.
November 06, 2023
Diversity Council Australia reconfirms MetLife Australia as inclusive employer
Diversity Council Australia has recognised life insurer MetLife Australia as an inclusive employer for the second time.
November 06, 2023
Betashares appoints ED for NZ expansion
ETF manager Betashares has appointed financial services executive Hugh Stevens as executive director, responsible for a range of growth, distribution, and strategic initiatives as part of the firm’s New Zealand expansion.
November 06, 2023
Grinding gears won’t halt Count’s takeover hopes for Diverger
Despite a surprise non-binding counter offer from little-known COG Financial Services earlier this week to acquire Diverger, Count remains confident a deal will be completed by February. With the backing of major shareholder HUB24 as well as the Diverger board, Count CEO Hugh Humphrey likes his chances.
November 03, 2023
Embattled Link Group restates financial report after ASIC probe
Link Group, a key provider of administration services to super funds and parent company of Link Advice, has restated its half year and full year financial report for 2023, after ASIC raised concerns about several “material misstatements” of its assets and settlement costs.
November 03, 2023
Charges laid after investigation into Sterling Income Trust
Sterling Group founder Raymond Jones, his son Ryan Jones, and director Simon Bell are each facing several criminal charges following ASIC’s investigation into the Sterling Income Trust (SIT) and the collapse of the Sterling First group of companies.
November 03, 2023
