Half of advisers authorised to write MyNorth Lifetime: AMP
Around 50 per cent of Australian advisers are now authorised to write MyNorth Lifetime under their approved product lists and Lifetime accounts have been written by advisers operating under more than 30 different licensees.
June 27, 2023
Treasury argues advisers benefit from funding unlicensed provider enforcement
A Treasury review of ASIC’s cost recovery mechanism has recommended advisers remain on the hook for malfeasance by unlicensed providers. The report argues it is the advice sector that benefits from this enforcement.
June 27, 2023
MSC appointed by abrdn for trusteeship
MSC Trustees has been selected by global investment manager abrdn to assume trusteeship and responsible entity duties across its Australian fund book.
June 27, 2023
Government to end ASIC levy freeze
After releasing the final report of the ASIC Industry Funding Model, the government has decided to end the ASIC levy freeze put in place in 2021.
June 26, 2023
Insurance industry hampered by participation slump
The risk insurance industry is grappling with an attraction problem, and it will take more than an education carve-out to solve the underinsurance conundrum.
June 26, 2023
ISA, IFM announce Combet replacements
Industry Super Australia and IFM Investors have both appointed chairs to replace Greg Combet who departed to lead the new Net Zero Economy Agency.
June 26, 2023
ASIC calls on super trustees to better deal with received member money
ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super product cannot be issued by the next business day.
June 26, 2023
Trio of Betashares ETF hit $3b FUM milestone
A group of three Betashares’ flagship ETF funds – it’s ASX 200 (A200) and NASDAQ 100 (NDQ) trackers, and Australian High Interest Cash fund (AAA) – have recently each passed $3 billion in Funds Under Management.
June 26, 2023
Rest appoints WTW to board
Industry super fund Rest has appointed Willis Towers Watson as its asset consultant to its board and board investment committee.
June 26, 2023
The valuation gap between licensees and platforms
Amid competition for revenue in the advice chain, an equity researcher has identified the glaring difference in platform and licensee valuations.
June 23, 2023
