AMP hit with another BOLR loss in court
AMP has been ordered to pay interest on top of damages to Equity Financial Planners and WealthStone after the court again ruled against AMP in the Buyers of Last Resort class action.
August 30, 2023
Integro Wealth merges with Wealth Advantage
Private wealth firm Integro Private Wealth completed its merger with financial planning firm Wealth Advantage at the end of last week.
August 30, 2023
EQT distributes $122m in grants in FY23
Fiduciary service provider Equity Trustees gave out grants worth over $122 million in FY23, more than 32 per cent higher than the previous financial year.
August 30, 2023
Midwinter launches paraplanning program
Midwinter Financial Services has partnered with Scale Up Paraplanning, TNW Solutions, and Rocket Services to launch the Paraplanning Partners Program following a successful pilot phase.
August 30, 2023
How home ownership (or lack thereof) changes everything for retirees
With fewer people becoming homeowners and the incidence of people retiring as renters or with mortgage obligations increasing and set to rise further, retirement income targets need to be reset accordingly. Failing to take account of this fundamental societal change could see the superannuation system letting people down just when they need it most.
August 29, 2023
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
