Industry Updates

Fee consent stability to drive M&A activity

The M&A market for advice practices should start “normalising” by the end of the year with a four-year supply drought ending. The inaugural implementation of the fee consent regime saw sales held back with practices seeking to secure their revenue streams before finalising transactions.

June 14, 2023

APRA fines OnePath over MySuper failure

The prudential regulator has fined Insignia Financial-owned super trustee OnePath Custodians for failing to direct member contributions to a MySuper product.

June 14, 2023

State Street expands its ETF asset servicing capability

State Street Corporation’s front-to-back asset servicing platform, Alpha, now supports the entire ETF lifecycle with front, middle, and back-office capabilities.

June 14, 2023

Former FPA/FPSB chair awarded OAM

Certified financial planner Neil Kendall has received a Medal of the Order of Australia for his contribution to the financial planning profession.

June 14, 2023

Lipman Burgon adviser receives Gwen Fletcher Memorial Award

The FAAA has presented Lipman Burgon financial adviser Kristine Pham with the Gwen Fletcher Memorial Award for semester one of 2023.

June 14, 2023

TelstraSuper chair awarded AM

TelstraSuper's chair Anne-Marie O'Loghlin has been named Member of the Order of Australia in the 2023 King's Birthday Honours Awards for her service to the superannuation industry, women's rights and the wider community.

June 14, 2023

Govt QAR response confirms adviser concerns ‘have been heard’

The government’s confirmation it will remove several crucial regulator hurdles shows the concerns of advisers “have been heard”, according to the Financial Advice Association. Additionally, the controversial non-relevant provider advice provision will be up for consultation meaning the advice profession is under no obligation to campaign for the whole package of reforms.

June 13, 2023