‘Dangerous and concerning precedent’: Advice associations warn on super tax consult
Two major advice associations have spoken out during consultation on the 30 per cent marginal tax rate proposal for super accounts holding over $3 million. The Financial Advice Association of Australia and SMSF Association have both suggested there are multiple kinks in the regime that need to be ironed out to avoid unintended consequences.
April 21, 2023
Plutosoft launches bulk RoA functionality
Plutosoft has launched ‘Bulk Activities,’ a functionality that allows advisers to bulk produce client reports.
April 21, 2023
‘It makes us Switzerland’: Iress divests platform business to remain neutral
Iress wants to become a neutral player in the platform space to help the Xplan Connectivity Network thrive. But this is just one part of a business restructure that will include a 10 per cent reduction in staff with the aim to hire more talent to fill different strategic priorities.
April 20, 2023
‘Could do better’, ASIC tells super industry after insurance review
An ASIC review has found super fund trustees need to do more to optimise the benefits their members receive from group insurance through super.
April 20, 2023
Global X appoints portfolio manager
Global X ETFs has appointed former BetaShares assistant portfolio manager Jessica Leung as a portfolio manager.
April 20, 2023
‘It makes it easier for a small business’: QAR benefits for hiring PY advisers
An overlooked aspect of the Quality of Advice Review proposals is the potential to allow provisional advisers to give more advice as non-relevant providers, making them more commercially viable to small businesses.
April 19, 2023
Lights, camera, action: Video SOA appeal leads to EFS acquisition
Praising its application of video SOAs, Viridian Financial Group acquired boutique wealth advisory firm Enlightened Financial Solutions.
April 19, 2023
Stropro sees strong inflows, citing access to alternatives
Investment platform Stropro has reported inflows of $100 million in the last three years citing “rapid growth” in alternatives from high-net-worth investors (HNWIs).
April 19, 2023
Future Fund appoints ex Carlyle MD to head up PE team
The Future Fund has appointed David Bluff from US private equity giant Carlyle Group to head up its private equity team, reporting to deputy chief investment officer Alicia Gregory.
April 19, 2023
DASH hires 10 staff following capital raise
Financial advice platform DASH Technology Group has hired 10 staff across several teams after the fintech company completed a capital raise in March.
April 19, 2023
The sun won’t set on the experience pathway
Treasury has released the draft bill for the experience pathway which will retain the original 10-year, clean record proposed by Minister of Financial Services Stephen Jones at the end of 2021. The government has recognised flaws in the FASEA degree approval process and new entrants can seek confirmation of their qualifications from the Minister.
April 18, 2023
What is the purpose of super?
Compulsory superannuation in Australia is a true success story. However, the absence of an objective for the system has brought challenges – especially as it was initially developed in an era when the Australian superannuation industry was very different from what it is today.
April 18, 2023
