‘The streak stops here’: The business-led move towards independent advice in the US
Professional financial advice in Australia has been driven by regulation, but Dimensional Fund Advisors co-CEO Dave Butler compares this market with the US – it was independent advice businesses that drove the fee for service model. The former college basketballer and NBA draftee discovered the business case for the independent adviser model early in his career.
May 18, 2023
Executing the RIC strategy: An industry response
Super fund and product providers have been strategising and executing their response to the Retirement Income Covenant that came into effect in July 2022.
May 18, 2023
Saxo amends TMDs following ASIC stop orders
ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new Contracts for Difference to retail clients because of deficiencies in their Target Market Determinations.
May 18, 2023
Qantas Super CEO/ASFA director appointed as inaugural AGC chair
Qantas Super CEO and Association of Superannuation Funds Australia director Michael Clancy has been appointed as the inaugural chair of the Australian Governance Council.
May 18, 2023
MyNorth wins Chant West innovation award
AMP North retirement solution MyNorth Lifetime has won fund innovation of the year at the Chant West 2023 Super Fund Awards.
May 18, 2023
Vanguard re-shuffles exec team amid Aus retail business change
Vanguard Australia has made several appointments to its executive team, combined its two retail direct businesses (superannuation and non-superannuation), and expanded its product division.
May 18, 2023
Insignia Financial appoints super & risk executives
Insignia Financial has appointed Anvij Saxena as chief risk officer, while Mark Oliver has been appointed head of super.
May 18, 2023
Anomaly enabling banned advisers to avoid public shaming
Due to a legal loophole, the public may not find out some financial advisers have been slapped with a ban. This could have potential consequences for consumers seeking a financial adviser or for buyers doing due diligence of a practice.
May 17, 2023
‘The ultimate member experience’: HostPlus sets ambitious goal
There has never been more public scrutiny on super funds to improve key member experience metrics such as retirement products, investment options, and advice. HostPlus member experience lead Paul Watson discusses how the fund is responding to this challenge.
May 17, 2023
Tyndall AM launches investment fund
Tyndall Asset Management has launched the Australian Small Companies Fund, which invests in a diversified portfolio of approximately 25-70 Australian small-cap companies that Tyndall AM believes are undervalued.
May 17, 2023
ACSI releases voting system to promote gender balance on boards
The Australian Council of Superannuation Investors has released a new voting policy to promote gender balance in Australia’s listed company boardrooms.
May 17, 2023
Govt announces anti-scams centre
The federal government has announced the establishment of a cutting‑edge National Anti‑Scams Centre (NASC) as part of an $86.5 million package.
May 17, 2023
