HESTA research shows the financial toll of unpaid care
The hidden costs of unpaid care have significant implications for women’s productivity and financial well-being, according to research conducted by HESTA over 2022 and 2023.
September 28, 2023
Ex-AMP advisers ‘disappointed’ as BOLR case heads for appeal
AMP has announced it will appeal the Buyer of Last Resort ruling that found the embattled wealth giant reneged on contractual obligations, subject to pending mediation. Advisers involved in the class action say AMP’s willingness to appeal undermines the claims of cultural change under the leadership of CEO Alexis George.
September 27, 2023
Half of advice firms eyeing off AI integration: Report
Around half of financial advisory firms are either testing or considering integrating artificial intelligence into their operations, according to research from Netwealth, but the platform provider has warned practices against putting client details into public systems like ChatGPT.
September 27, 2023
Fintech pays penalties for misrepresenting crypto product
Fintech company Bobbob has paid $53,280 to comply with infringement notices regarding representations it made about a crypto-asset-linked investment product.
September 27, 2023
AUSIEX partners with Saxo to provide trading solution for advisers
Wholesale trading platform AUSIEX has partnered with online trading and investment specialist Saxo Australia to provide an integrated international trading solution for advisers.
September 27, 2023
Betashares enters superannuation industry with Bendigo Super acquisiton
Betashares will directly enter the superannuation market after reaching has reached an agreement with Bendigo and Adelaide Bank to acquire Bendigo Superannuation.
September 27, 2023
AIA appoints GM of group partnerships
Life insurer AIA Australia has appointed George Stavliotis as general manager of group partnerships, focusing on the group insurance sector.
September 27, 2023
Vanguard rules out digital, intra-fund advice play
While Vanguard is supportive of the Quality of Advice Review’s increased advice scope for super funds, the wealth giant has little interest in bringing on internal advisers or offering digital advice. Instead, it will try to rely on online calculators to meet its obligations under the Retirement Income Covenant.
September 26, 2023
ASIC calls out ‘lack of focus on fairness’ in remediation
After taking a hands-off approach with the release of its remediation regulatory guide a year ago, a review by the corporate regulator has identified systemic issues with the fair and timely remediation to consumers. But compliance consultant Sean Graham says the move should give licensees some comfort.
September 26, 2023
CFS appoints group CEO
Colonial First State has appointed Suncorp Bank CEO Clive van Horen to the role of group chief executive officer, following an extensive global search.
September 26, 2023
Payton Capital appoints chief risk officer
Payton Capital has picked up Qualitas chief risk officer Robert McLellan for the same role.
September 26, 2023
Franklin Templeton appoints director of institutional business
Franklin Templeton has appointed Thakshi Wijesundara as senior institutional business director.
September 26, 2023
