Financial services leaders urged to back the Voice
Prime Minister Anthony Albanese has called on industry leaders to honour the business community’s “proud history” of support for reconciliation with First Australians, encouraging them to back the referendum to establish an Indigenous Voice to Parliament. It comes as Conexus Financial throws its support behind the ‘Yes23’ campaign.
August 24, 2023
Retiree preparedness at ‘10-year low’: Investment Trends research
Some two-thirds of non-retirees don’t feel prepared for retirement, and almost half are reluctant to use their super fund’s pension product, according to findings from Investment Trends. The research comes as trustees brace for more responsibility to improve retirement outcomes for Australians via the Quality of Advice Review and Retirement Income Covenant.
August 23, 2023
‘Conversations taking place’: Centrepoint eyes market moves
Currently the largest non-institutional licensee, Centrepoint Alliance has identified potential growth in its licensee network through M&A opportunities and AFSL switches despite a competitive and shrinking adviser market.
August 23, 2023
MetLife launches 2023 plan for reconciliation
MetLife Australia has launched its 2023 Reflect Reconciliation Action Plan (RAP) as part of its commitment to reconciliate with First Nations peoples.
August 23, 2023
ART completes Woolworths and Endeavour fund transfers
Australian Retirement Trust has completed a successor fund transfer with Woolworths Group and Endeavour Group, with more transfers to come.
August 22, 2023
‘Strong, honest friend’: UniSuper advisers hold fund to account
The $115 billion industry fund UniSuper wants to become a “home for advice professionals” and fill some of the recruitment and training gap left by the big banks. The fund’s head of advice and education, Andrew Gregory, says the 52 comprehensive advisers he employs are fully fledged fiduciaries and are willing and able to recommend members switch funds if necessary.
August 22, 2023
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
