TelstraSuper revamps MySuper lifecycle
TelstraSuper will raise the ages for member exposure to growth assets for its MySuper lifecycle products.
August 16, 2023
Mirae injects funds into Stockspot
Robo-adviser Stockspot has received a major strategic investment from asset manager Mirae Asset Global Investments.
August 16, 2023
Wholesale threshold changes could leave clients unadvised
More Australians than ever are eligible to be wholesale investors due to a static definition put in place over two decades ago. The review into managed investment schemes will assess whether the threshold should be lifted, but with the regulatory standards between retail and wholesale advice never being wider, a change could force current wholesale clients into the crevasse.
August 15, 2023
Members starting to switch due to poor experience
Research house CoreData says members with high account balances are starting to leave funds if they are not getting the level of service they expected. The data on wealthy members switching comes as regulators and the federal government pressure funds to improve customer service.
August 15, 2023
ASIC proposes to extend DDO instrument
ASIC is inviting industry feedback on a proposal to extend the operation of the ASIC Corporations (Design and Distribution Obligations Interim Measures) 2021/784 instrument for a further five years.
August 15, 2023
IFS partners with BCG to improve education & advice
Industry Fund Services has partnered with global consulting firm Boston Consulting Group to help improve how profit-to-member super funds find new ways to improve the delivery of financial education and advice.
August 15, 2023
Franklin Templeton launches its first alternatives fund
Investment manager Franklin Templeton has launched the Franklin K2 Athena Fund, its first alternatives fund.
August 15, 2023
‘Neglected’ small business clients have crucial advice needs
High net worth may be viewed as the holy grail revenue stream for advice practices, but small business owners are an overlooked part of the market. The impending retirement of a plethora of baby boomer business owners has created opportunities due to the complexities of their financial affairs.
August 14, 2023
Emotion trumps finances, but articulating that is another matter
Clients primarily seek advisers for behavioural coaching and assistance with making emotional decisions, according to research from Morningstar. But effectively conveying these advantages to clients demands a certain level of nuance.
August 14, 2023
North partners with researcher Sandstone Insights
AMP’s investment platform North, which has recently surpassed $11 billion in assets under management (AUM), has partnered with research house Sandstone Insights to provide advisers with the latest equity research and analysis.
August 14, 2023
Spark Financial advisers join philanthropic adventure
Six advisers from the Spark Financial network will participate in the Adventure All Stars TV series later this month.
August 14, 2023
