BOLR verdict ends a long and sorry chapter
Many would rightly sympathise with the plight of affected AMP planners, who framed their suit as a David and Goliath-style battle against a heartless big corporate. But it's also worth remembering the policy at the heart of the dispute was problematic long before the terms and conditions were changed.
July 05, 2023
Recruit 2 Advice expands recruitment services with further hires
Recruit 2 Advice, a provider of recruitment and advisory solutions in the financial services industry, appointed John Rey Baclayon and Graham Smith as client services specialist and consultant, respectively.
July 05, 2023
Bentham appoints to wholesale distribution manager
Investment manager Bentham Asset Management has promoted Larry Francis to wholesale distribution manager for NSW and Queensland.
July 05, 2023
Valuation frequency must be weighed carefully: Frontier
Investment consultancy Frontier Advisors is working with Australian asset owners to hold fund managers accountable for appropriate valuation of unlisted assets.
July 05, 2023
Super funds laying out the portfolio argument for alternatives
While not having massive asset allocations, super funds have long taken advantage of alternatives, utilising private equity, unlisted property and infrastructure to take advantage of return stream that doesn’t follow the traditional market cycle.
July 05, 2023
Global X launches commodities ETF on ASX
ETF provider Global X has launched the Bloomberg Commodity ETF (Synthetic) (BCOM) on the ASX.
July 05, 2023
A thriving and trusted financial sector needs media advocates
In his first outing for Professional Planner, the new editor-in-chief of this publication argues that a healthy financial services sector needs media that provides more than just information and opinion. It also needs advocacy and leadership.
July 04, 2023
Drop the ‘size is good’ mantra: bigger isn’t automatically better
Research by the Conexus Institute finds scale does not deliver an ‘automatic win,’ and what matters most is whether funds – big or small – are skilled in developing and implementing their strategy.
July 04, 2023
Jollie to step down as abrdn MD
Brett Jollie will step down as managing director of abrdn on 21 July due to the completion of the restructuring of the Australian arm of the business.
July 04, 2023
FAAA achieves over 8700 membership renewals
The Financial Advice Association Australia has achieved over 8,700 membership renewals in the 2024 financial year.
July 04, 2023
Investors grappling with cost management challenges
An asset owner survey conducted by bfinance has found that investors worldwide are grappling with cost management challenges amid persistent inflation, heightened ESG requirements, and regulatory burdens.
July 03, 2023
Diverger in $4m deal with aligned advice firm
In a move that follows the trend of licensees taking an equity stake in a practice rather than relying on licence fees, Diverger will own a 55 per cent piece of Melbourne-based advice firm Atkinson Saynor Private Wealth.
July 03, 2023
