Dixon Advisory director taken to court by ASIC
Dixon Advisory director Paul Ryan will face civil charges for alleged breaches of director duties after ASIC alleges he made decisions that were to the advantage of Dixon holding company E&P Operations – where he was also a director – rather than the insolvent firm's creditors.
August 04, 2023
AI-powered platforms aiming to aid advice
Far from replacing advisers, artificial intelligence will play a necessary role in streamlining the advice process, according to two service providers. Amid a talent shortage of planners and support staff, AI services will be used in the background to support the process leaving human advisers to build client relationships.
August 04, 2023
Govt opens consultation on MIS review
The Albanese government has released a consultation paper examining the regulatory framework for Managed Investment Schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.
August 04, 2023
Cbus Super appoints head of portfolio strategies
Industry super fund Cbus Super has appointed Leigh Gavin as head of portfolio strategies to help implement its five-year strategy to internalise over half its assets under management and improve global partnerships to gain access to more investments.
August 04, 2023
CFD crackdown presents a financial advice opportunity
ASIC’s lawsuit against online broking giant eToro is an example of where the corporate regulator and professional financial planners are singing from the same hymn sheet. The next generation of investors must be encouraged and educated, not ridiculed, writes Aleks Vickovich.
August 03, 2023
Viridian picks up mortgage broking group
Viridian Financial Group has acquired mortgage broker Smartmove Professional Mortgage Advisors.
August 03, 2023
Higher PY participation will underpin adviser (and client) renewal
The advice industry’s disproportionate focus on keeping older advisers for as long as possible versus attracting and developing talent is reflected in the relatively small number of businesses participating in the professional year program. Eureka Whittaker Macnaught CEO Greg Cook writes it’s time to look to the future.
August 02, 2023
Former FSC, Challenger retirement income policy manager joins Iress
Retirement income policy veteran Amara Haqqani has been appointed chief operating officer of adviser software Iress.
August 02, 2023
PPS Mutual expands membership criteria
Life insurance company PPS Mutual will expand its membership eligibility criteria to any current or former member of a professional designation body.
August 02, 2023
Adviser demand for passive options inspires Aware Super index play
Feedback from financial planners and licensees was a major factor behind Aware Super’s rollout of new “low-cost indexed options” last month. The $150 billion industry fund says external advisers are demanding more passive portfolio options as they grapple with their fiduciary obligations under the best interests duty.
August 01, 2023
