Purpose of super betrays ‘three pillars’: Coalition
The federal opposition says the government’s focus on legislating a purpose for the superannuation system fails to place sufficient priority on home ownership and the Age Pension, in breach of the conclusions of the 2020 Retirement Income Review. Shadow Minister for Finance and former superannuation minister Jane Hume says a “purpose of retirement” debate would better serve consumers.
August 29, 2023
Russell Investments expands sustainable managed portfolios
Russell Investments has expanded its sustainable managed portfolios to include multi-asset conservative, diversified 50, and high-growth options.
August 29, 2023
TISLife joins Count’s advice community
Community-focused advisory firm TISLife has joined Count’s national advice community.
August 29, 2023
State Super selects Premialab for portfolio management & risk solutions
State Super has selected independent software platform Premialab to assist in the delivery of portfolio management and risk solutions.
August 29, 2023
‘No carve-outs’: Coalition will take full QAR to next election
Amid criticism over its past performance managing the sector, the opposition has called on the government to take swift action on all 22 Quality of Advice Review recommendations to close out a decade-plus stream of regulatory reform. If need be it will seek a mandate from the general public at the polls.
August 28, 2023
Professionalism is still a live question amid QAR debate
Both sides of politics seem convinced that the advice industry has now become a profession, framing this all-important status as a precondition of any regulatory relief. But nostalgia for the gravy train’s good old days continues to rear its head.
August 28, 2023
AI-powered mental health app tackles stigma & support gap
MLC Life Insurance has launched a pilot of Wysa Assure, an AI-based mental health support application, in partnership with Swiss Re Reinsurance Solutions.
August 28, 2023
Iress tech to fuel merger
Industry superannuation funds Spirit Super and CareSuper have selected the technology of software company Iress as the foundation for their merged entity.
August 28, 2023
‘Not manufacturing $250 cookie cutter SOAs’: Raiz, Instreet founder takes on advice process
Seeing issues with the complicated advice delivery process, financial services entrepreneur George Lucas believes his new venture can combine advice with artificial intelligence to aid professionals with a service that creates a Statement of Advice “within minutes”.
August 25, 2023
FAAA sees 9500 member renewals
The Financial Advice Association has received 9525 membership renewals which includes 8093 practitioners.
August 25, 2023
SuperConcepts, EQT enter into service agreement
SMSF administration provider SuperConcepts has entered into an enterprise service agreement with Equity Trustees to continue servicing the administration needs of its Australian Executor Trustees platforms business.
August 25, 2023
