Industry Updates

SG Hiscock & Company commences abrdn wholesale distribution partnership

Effective officially from today, SG Hiscock & Company has become the wholesale distribution partner of abrdn in the Australian market.

Ecstra appoints former ACCC deputy chair to its board

The not-for-profit Ecstra Foundation, which works to build up people’s financial capability and wellbeing, has appointed Delia Rickard to its board.

SMSF Association appoints membership development head

The SMSF Association has appointed Neil Sparks as head of membership and corporate development.

Brighter Super & SPSL to complete $29b merger

Brighter Super will merge with SPSL Master Trust (SPSL) on 31 May 2023 to create a $29 billion super fund with over a quarter of a million members, the first between a not-for-profit and retail super fund.

Striver partners with BT to expand the profession’s outreach

Now with six major financial services organisations behind it, Striver continues to be the driving force behind ushering prospective students into financial advice.

Indexation and contributions opportunities now and from 1 July

There several implications of the general transfer balance cap being indexed from 1 July this year. In this technical article, Insignia Financial head of technical services Jenneke Mills writes while new contribution opportunities may become available to high balance clients from 1 July, there are also opportunities to enable greater contributions.

AXA IM reports doubling of corporate engagement in 2022

In 2022, investment management firm AXA IM conducted 596 engagements with 480 entities, mainly in Europe and North America. It also held 30 per cent more discussions at executive and board levels last year than in 2021.

Reviewing the ‘forgotten child’ of Standard 12

Standard 12 of the Code of Ethics offers the profession a great opportunity to drive how it regulates itself, according to Capital Advisory director Michael Miller. While Standard 3 and 6 have generated the majority of headlines over the last few years, Miller believes an examination of the ethical and functional parameters of Standard 12 is long overdue.

AMP Foundation awards dual $1m grants amid 30th anniversary celebrations

Celebrating the 30th anniversary of the philanthropic arm of AMP, the foundation has awarded two non-profits million-dollar grants to support the work they are undertaking in the community.

FNZ partners with Virgin Money on UK digital investment platform

Wealth management platform developer FNZ has partnered with UK full-service digital bank Virgin Money to launch a digital investment platform for retail investors in the UK.

‘This has given us a clear focus’: The value of practice benchmarking

Advice practices often don’t have the advantage of comparing themselves to competitors, but the value of benchmarking can help set the standard of a business.

ETF growth demands better market structure

A report from PwC predicted the ETF market will double by 2027. Ben Walsh writes it’s a bold prediction and one that requires confronting the existing hurdles affecting growth in the industry currently.

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