CountPlus acquires Affinia Financial Advisers
TAL has agreed to sell advice practice Affinia Financial Advisers to CountPlus in a move further separating product from advice providers.
March 10, 2023
Around $4.5b in remediation due from big 6 instos
Six of Australia’s largest banking and financial services institutions have paid or offered $4.7 billion in compensation to customers who suffered loss or detriment because of fees for no service misconduct or non-compliant advice, according to an update from ASIC.
March 10, 2023
Advisers adamant it will be BAU amid potential recession
Advisers agree that recession-proofing is required in the event of economic challenges ahead, but it will still be business as usual.
March 09, 2023
ASIC places interim stop orders on derivatives product
ASIC has made two interim stop orders preventing Interactive Brokers from issuing Stock Yield Enhancement Program (SYEP) Derivatives to retail investors because of deficiencies in the product’s Target Market Determination and Product Disclosure Statement.
March 09, 2023
First Super appoints IFM Investors to manage strategy
Industry super fund First Super has appointed investment services provider IFM Investors to manage a new indexed international equities strategy.
March 09, 2023
SuperFriend appoints former Equipsuper CEO as chair
Industry mental wellbeing non-profit SuperFriend has appointed former Equipsuper CEO Nicholas Vamvakas as chair of its board of directors.
March 09, 2023
Private markets firm opens office in Australia
Private markets investment management firm Adams Street Partners , LLC has opened an office in Sydney.
March 09, 2023
The Holy Grail of professional advice – It’s within our grasp
Widespread access to affordable and trusted professional financial advice is not far away. However, its achievement relies heavily on both the implementation of the key recommendations of the Quality of Advice Review and the proper interpretation and regulation of the mandatory Code of Ethics, writes Robert M C Brown.
March 08, 2023
The rise of ‘greenhushing’
Firms have been underreporting or hiding their green credentials in recent times according to research from Morningstar, which has led to a rise in ‘greenhushing’.
March 08, 2023
Midwinter partners with CQUniversity to roll out advice tech
Midwinter Financial Services has partnered with CQUniversity Australia to provide financial planning software to students undertaking relevant studies.
March 08, 2023
intelliflo begins operating in Australia
Cloud-based advice technology platform intelliflo has officially commenced operations in Australia.
March 08, 2023
