HUB24 expands holistic offering with myprosperity acquisition
Aiming to further broaden its service offering HUB24, has acquired tech integration service myprosperity. Offering client/adviser connectivity via portals, the move further solidifies the platform provider’s ambition to create “a single view of wealth”.
May 03, 2023
Fraud victim pleads for financial firms to bolster checks and balances
The daughter of a victim of financial fraud has pleaded with the industry to do more due diligence after an adviser gambled away millions of client money. Despite compliance protocols in place, Sharon Williams has been left perplexed why those checks and balances failed to catch any malfeasance.
May 02, 2023
Are you experienced?
The draft legislation for the experience pathway requires advisers to declare to licensees they are eligible and meet all criteria. According to FAAA head of policy Phil Anderson, this sounds straight forward in theory but may be more complicated in practice.
May 02, 2023
Govt announces super payday changes
Super will be required to be paid on payday under reforms announced by the government which it claims will benefit both employers and employees.
May 02, 2023
MLC Life appoints senior Nippon Life executive as CIO & deputy CFO
MLC Life Insurance has appointed Hiroyuki Endo as chief investment officer and deputy chief financial officer from its parent company Nippon Life Insurance.
May 02, 2023
Zenith appoints BDM
Zenith Investment Partners has appointed Peter Dening as business development manager for NSW and ACT.
May 02, 2023
Paradigm shift could see 60/40 philosophy ‘flipped other way around’
Rising interest rates have led investors to re-assess their fixed income exposures, with some increasing their allocations but remaining wary of duration risk.
May 02, 2023
The time to consider bonds is now
Bond yields today are more attractive than they’ve been in a very long time, increasing the appeal of fixed income for longer-term investors, writes PIMCO’s Manusha Samaraweera.
May 02, 2023
The lowdown on fixed asset classes
Demand for traditional composite bond fixed interest strategies is on the rise after disruption caused by monetary and fiscal policy due to the COVID-19 pandemic, according to fund researchers.
May 02, 2023
OneFortyOne appoints Future Fund deputy as CEO
Future Fund deputy chief investment officer has been appointed CEO of timber and forestry organisation OneFortyOne, effective from mid-June.
May 01, 2023
‘Doesn’t do it for me, to be honest’: Obstacles for expanding intrafund advice
Millions of people in or near retirement may benefit from receiving financial advice and super funds could be the natural providers. But there are a range of issues to overcome before the vehicle of the nation’s retirement savings also become its primary supplier of advice.
May 01, 2023
