Industry Updates

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.

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.

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.

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.

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