Industry Updates

NGS Super hacked

NGS Super’s systems were attacked on March 17, the super fund said in a statement on Monday.

Lumiant to launch mobile app via Invest Blue and Savant backing

Advice and client engagement platform Lumiant will launch a mobile app thanks to a $5.26 million capital raising from financial planning firm Invest Blue and US-based wealth management firm Savant Wealth Management.

February adviser exam sees 67pc pass rate

The first adviser exam for 2023 has seen a 67 per cent pass rate, according to results released by ASIC on Monday morning.

ClearView improves IP caps

ClearView Wealth has changed income caps and simplified product names across its income protection (IP) range.

Cboe appoints former ASIC commissioner as non-executive director

Stock exchange Cboe Australia has appointed former ASIC commissioner Cathie Armour as a non-executive director, effective 1 April 2023. 

QAR, ‘good advice’ and the statutory BID: Handle with care

The Quality of Advice Review called several failings of the Best Interests Duty in its current form – when compared to other professions it doesn't stack up.

Freedom, stability and security: Key values for female clients

Women have long been underserviced by financial advice. Four professionals who cater to the needs of female clients discuss how they have better marketed their services.

CountPlus to hold EGM to vote on name change

CountPlus (officially known as CountPlus Limited) will host an Extraordinary General Meeting on 4 May to vote on a name change to Count Limited.

Ignition Advice regional CEO switches role

Following two years as CEO Asia Pacific of Ignition Advice, Craig Keary has stepped down from leading the firm at an executive level and has been appointed senior adviser for the Asia Pacific region.

Advisers banned by ASIC, but still listed online

A number of financial advisers slapped with an ASIC ban are still listed online for potential clients to discover and contact. 

legalsuper appoints former AMP & ANZ advice executive as CEO

Industry super fund legalsuper has appointed former ANZ Banking Group and AMP executive Luke Symons as chief executive.

MLC Asset Management makes investment team changes

MLC Asset Management has appointed Grant Mizens and Ben McCaw as joint heads of the capital markets research team and co-portfolio managers of Choice products.

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