Asendium partners with Enzumo for SOA creation
Advice tech firm Asendium has partnered with financial planning software customisation business Enzumo to provide clients with a detailed and compliant SOA document that is linked to their Asendium account.
May 23, 2023
AstuteWheel launches version 4.0 of engagement software
AstuteWheel has celebrated its eleventh anniversary by launching version 4.0 of its engagement software, which includes a secure client portal, enhanced CRM functionality, and practice management/business improvement tools.
May 23, 2023
BT appoints distribution head
BT has appointed head of account management Jason Brown to lead its distribution team.
May 23, 2023
Digital advice can help but is no ‘silver bullet’: Research
Despite the proliferation of digital advice products in the market, consumer interest has yet to reach its zenith according to research from AMP and KPMG. While institutions are expected to lead the way in distribution, the study suggests advice practices can help further disseminate digital advice.
May 22, 2023
Vale Michael Harrison
Highly respected business strategist and former Synchron independent chair Michael Harrison passed away on Sunday, 21 May 2023, after a long illness. He was 78-years-old.
May 22, 2023
Nuveen wins industry fund mandate for US Cities Workplace strategy
Asset manager Nuveen has invested US$190 million ($286 million) from industry funds Cbus Super, Hostplus, and TWUSUPER in its US Cities Workplace strategy.
May 22, 2023
FSC appoints CFS chief to board
The Financial Services Council (FSC) has appointed CFS chief executive Kelly Power to its board.
May 22, 2023
Unintended consequences of experience pathway put licensees at risk
Advisers who operated before the ASIC Financial Adviser Register was created pose potential problems for licensees, who are liable to face civil and criminal penalties for incorrectly validating an adviser under the proposed legislation for the experience pathway.
May 19, 2023
FAAA highlights adviser implications for YFYS Choice expansion
The Financial Advice Association has raised concerns over the expansion of Choice products into the Your Future, Your Super performance test. The association has argued the calculation of the test doesn’t take into consideration how fees are accounted for on large balances, compared to MySuper accounts, as well that moving fund may not necessarily be in a member’s best interest.
May 19, 2023
AMP pays $24m fine for charging deceased customers
The Federal Court has ordered AMP Financial Planning and AMP Life pay a monetary penalty of $24 million after proceedings brought against it by ASIC.
May 19, 2023
MLC Life penalised $10m for misleading customers
The Federal Court has ordered MLC Life Insurance pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies.
May 19, 2023
