Industry Updates

Spark Financial Group launches digital investing solution

Spark Financial Group has launched a white label digital investing solution called Spark Invest, developed in conjunction with investment platform OpenInvest.

Fidelity launches metaverse experience

Fidelity International has launched a metaverse experience called Fidelity International Campus that aims to encourage financial literacy and educate users on the importance of financial planning, money management and investing.

Fortnum appoints practice engagement and growth manager

Fortnum Private Wealth has appointed former senior Insignia Financial advice delivery consultant Samantha Sun as practice engagement and growth manager for Victoria, South Australia, and Tasmania.

Governance leader appointed to NZ Super guardians board

Governance leader Fiona Oliver has been appointed to the board of the Guardians of New Zealand Superannuation.

Govt announces YFYS test changes

The Government has announced several proposed changes for the Your Future, Your Super performance test, which it will consult on.

It’s okay to turn away potential unprofitable clients

Demand overwhelmingly outweighs supply and advisers must make pragmatic decisions about utilising their limited capacity on serving the right clients.

MLC Life appoints two executives to retail distribution team

MLC Life Insurance has appointed Jarrad Wilson and Rob Dassie as head of distribution for the northern region and southern region, respectively.

Australian bond markets resilient against potential US recession: Schroders

Although Schroders expects a recession to potentially occur in the US over the next four months, there will likely be no adverse effects on Australian bond markets.

FPSB updates global financial planning standards

The Financial Planning Standards Board (FPSB) has released updated global financial planning standards.

Levy sees short-term horizon for SOA changes

While the Minister is not willing to go as far as the Quality of Advice Review recommendation to eliminate Statements of Advice, review lead Michelle Levy has recognised simplification over elimination may result in quicker gratification for the profession.

Infocus launches new functionality

Infocus has launched the ‘Magic Button’ functionality which will integrate the licensees advice management system PlatformplusAMS and platform PlatformplusWRAP. 

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