Analysing the discipline dished out to advisers
Critiquing the discipline dished out by the Financial Services and Credit Panel is all part of a day's work for ACT-based adviser Michael Miller, a self-appointed analyst of the panel's decisions. As a fan of continuous improvement for the industry, Miller's conclusion is that the industry is better off for the panel's interventions.
October 03, 2023
Betashares to continue managing insto money after super foray
Betashares will keep working with all of its existing clients, including a handful of superannuation funds, after it enters the market itself with the pending acquisition of Bendigo Bank’s super business. The move bucks the trend set by rival Vanguard, which abandoned an estimated $100 billion worth of segregated mandate accounts ahead of its retail super push.
October 03, 2023
APRA and ASIC release FAR info package
APRA and ASIC have jointly released a comprehensive information package to assist the financial services sector in implementing the Financial Accountability Regime (FAR).
October 03, 2023
Paul Watson to leave Hostplus in November
Hostplus group executive of member experience Paul Watson has announced his decision to step down from his role in late November.
October 03, 2023
Principals Community carves out space in self-licensed world
One of the major downsides to self-licensing is a lack of community for advisers. Almost two years since departing institutional ownership, The Principals Community managing director Kon Costas believes this has issue has become even more pronounced in the current licensee landscape.
September 29, 2023
Exam results give minor push to adviser numbers
Over two dozen new entrants have joined the ASIC Financial Adviser Register over the past two weeks as provisional advisers make their way into the industry, according to research from Wealth Data.
September 29, 2023
UniSuper invests in Asian equities through Man GLG
Industry super fund UniSuper is now investing in Asia ex-Japan equities through Man GLG, the discretionary fund management unit of publicly-traded hedge fund Man Group.
September 29, 2023
Affinia firm moves to Count licence
Former Affinia-aligned firm Tribel Advisory has joined Count’s AFSL network, one of the first to do so since the acquisition from TAL in May.
September 29, 2023
FEAL appoints NGS Super CEO to board
The Fund Executives Association (FEAL) has appointed NGS Super CEO Natalie Previtera to its board of directors, replacing Jo Townsend, who is retiring.
September 29, 2023
Licensee deals need to factor PI run-off
PI insurance transitions aren’t effectively articulated in licensee contracts, according to a broker. This lack of clarity creates a thorn in practices attempting to switch licensees, with licensees pushing practices to buy extra coverage that isn’t necessarily available on market.
September 28, 2023
Mine Super and TWUSUPER sign SFT deed
Industry super funds Mine Super and TWUSUPER have signed successor fund transfer deed as part of their merger discussions.
September 28, 2023
