IOOF completes $41B platform migration as mass turns to scale
After a period of expansion that started with the migration of ANZ advisers back in 2018 and involved a concerted period of disruption, the group is understandably pleased to have both its aligned and service-only advisers (or open-market advisers, in IOOF speak) using a consolidated proprietary platform hub.
December 09, 2021
Most expect only ‘basic’ lifestyle in retirement: Challenger
Despite our world-class retirement system most people don't anticipate a comfortable retirement and would be open to annuity-type products according to provider Challenger, which is touting the results of a new survey as validation of concerns that led to the Retirement Income Covenant's development.
December 07, 2021
ALRC tears up the advice regulation playbook
The interim report is the most significant document the industry has seen since Hayne's set of recommendations, with its proposals to revamp terminology and separate advice from product likely to change the foundations of the industry. Two lawyers heading up the commission's examination of the Corporations Act explain.
December 06, 2021
QSuper and Sunsuper merge to create ART
The nation's largest superannuation fund will be called Australian Retirement Trust (ART) according to a media release from Sunsuper, which will merge with QSuper to create the $230 billion pension behemoth from the end of February next year.
December 06, 2021
Over 2000 advisers down in 2021: Wealth Data
The advice industry passed a grim milestone this week, with the net total of advisers to come of the Financial Adviser Registry pushing past 2,000 for the first time.
December 03, 2021
ASIC re-paints the limited advice field lines
With this information sheet, ASIC has tried to re-paint what many see as the faded boundary lines of limited advice. Nothing substantially new, but a reaffirmation of the relevant parameters to give advisers and licensees the confidence to use the full length of the pitch.
December 02, 2021
The dealer-to-dealer dilemma
The cornerstone of any credible, sustainable licensee services offer must be a credible, sustainable licensee. Even then, Fortnum CEO Neil Younger writes, current dealer-to-dealer models face challenges.
December 01, 2021
Quality of Advice Review won’t be about quality: Allens
The current focus on increasing access to affordable advice will very likely filter into the Quality of Advice Review next year, despite that not being the original plan set in motion by Hayne at the royal commission.
November 30, 2021
Adviser sentiment up as fog begins to lift: CoreData
Advisers are feeling the best about the outlook for their profession and their businesses than they have at any time since we first started asking them back in first quarter of 2020 according to CoreData. Simon Hoyle looks with "guarded optimism" at the drivers for this change and whether it's likely to continue.
November 29, 2021
The FPA’s 5-year plan, 18 months on: What’s changed?
Ben Marshan says he can understand the perception that the FPA hasn't been doing enough policy work leading up to the Quality of Advice review, especially in light of the FSC's high-profile whitepaper. In truth, he says, they've never been busier, and the FPA's five-year plan is steadily working towards many of the policies advisers are now supporting.
November 26, 2021
Godfrey Pembroke celebrates 40 years of empowering advisers
Godfrey Pembroke has followed in the footsteps of its founders, breaking new ground and supporting advice businesses to grow and thrive.
November 25, 2021
