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
ASIC appoints new commissioners from Treasury, Choice & CBA
ASIC has appointed Choice CEO Alak Kirland, Treasury first assistant Katherine O’Rourke, and Commonwealth Bank’s Simone Constant as commissioners.
August 25, 2023
IMAP announces 2023 managed account award winners
The Institute of Managed Account Professionals has announced the Winners of the 2023 IMAP Managed Account Awards across nine categories.
August 25, 2023
FAAA statement on ASIC’s performance to Senate inquiry
Following is a statement made by the Financial Advice Association to the Senate Economics References Committee on 23 August about ASIC’s performance by FAAA chief executive Sarah Abood and three better ways it can achieve its goals.
August 24, 2023
SCA updates retirement savings guidance
Consumer advocate Super Consumers Australia has updated its home-owner retirement savings targets to reflect changes in the cost of living and the Age Pension.
August 24, 2023
‘Crystal clear’: Insignia CEO lays claim to Godfrey Pembroke
Insignia Financial CEO Renato Mota says the group is still in control of Godfrey Pembroke and still intends to sell the licensees back to the advisers while maintaining a minority stake. That deal needs to cleared first before the advice group can follow its own destiny and make agreements with other suitors, he says, putting a cloud over an unusual counter-claim by Clime Investment Management.
August 24, 2023
Diverger targets $1m-plus practices for value chain add
Even with a growing licensee services sector, Diverger looks to position its stake in the advice value chain with more direct stakes in practices. The investment priority is clear – majority stakes in practices with at least a $1 million in revenue.
August 24, 2023
Albanese says demand for advice will grow
In what are believed to be his first public comments on the Quality of Advice Review, Prime Minister Anthony Albanese confirmed legislation acting on its recommendations would not come until next year. But in an exclusive interview with Professional Planner, he said the government acknowledged the importance of financial advice, especially as the population ages.
August 24, 2023
