HUB24 aims to triple advice relationships amid soaring profit
Already reaching a quarter of the market, HUB24 believes it has the relationship structures in place serve to three quarters of the ASIC Financial Adviser Register.
August 22, 2023
Bravura appoints global head of product
Financial services software company Bravura Solutions has appointed Greg Johnson as global head of product as it continues to transition to a product-centric organisation.
August 22, 2023
Nominations open for inaugural FAAA awards
The Financial Advice Association has launched its inaugural FAAA Awards program, designed to recognise members who deliver the highest standards of professional and trusted advice to Australian consumers, and those who are going above and beyond to support their local communities.
August 22, 2023
Over 250k Rest members get more super from $450 threshold change
Profit-for-member fund Rest has estimated that up to 260,000 of its members are now receiving their full super entitlements due to the removal of the monthly income threshold of $450 on 1 July 2022.
August 22, 2023
‘Big reluctance’ for advisers to back a single platform
The market has seen a profusion of platforms since the exit of the big four banks from wealth, with advisers now typically using more than one. Complying with the best interests duty means advice practices have been reticent to consider backing a single platform, according to SuitabilityHub founder Recep Peker.
August 21, 2023
Iress posts $140 million half-year loss
Iress will divest its managed funds administration business to global software provider SS&C Technologies. The sale comes as the Xplan owner looks to reduce debt after posting a $140 million loss in its half-year results.
August 21, 2023
AMP agrees to $110m settlement in shareholder class action
AMP has agreed to settle the shareholder class action brought after the Hayne royal commission in 2018 for $110 million.
August 21, 2023
CFS strengthens investment team
Colonial First State has appointed John Iles and Al Clark as head of cash management and derivatives, and head of investments, respectively.
August 21, 2023
Zenith CEO steps aside
Zenith Investment Partners chief executive David Wright will step down from his role at the end of year and transition to the role of investment director.
August 21, 2023
The frustrating renewal process that opened the door
Driven by discontent stemming from complexity and high costs, LifeBid is working to change the realm of life insurance. It has partnered with crowdfunding platform Stride Equity, whose own CEO had been disgruntled by her own negative experience trying to renew a life insurance policy.
August 18, 2023
ASIC announces several leadership changes
ASIC has made several executive appointments to its leadership team across markets supervision and small business enforcement.
August 18, 2023
