ART appoints chief risk officer
Australian Retirement Trust has appointed Darryl Burke as its chief risk officer, effective from 17 March 2025.
December 09, 2024
Customisation v. standardisation of managed portfolios
Customisation of managed portfolios offers advice practices the ability to implement their investment philosophy through an outsourced offering, but the Professional Planner Researcher Forum heard not all business models may suit this solution.
December 06, 2024
Deloitte Cbus report blows the lid on director self-assessment
In an under-reported finding from the explosive report into Cbus governance, the consulting firm Deloitte has laid bare the shortcomings of a process that allows directors to self-assess skill sets when appointed to the board and when their tenure is renewed. Legal experts said self-assessment itself is not a sin, but complacency at a board level could be.
December 06, 2024
Former NAB trustees settle class action for $64 million
Former NAB trustees (NULIS Nominees and MLC Nominees) have reached an agreement with the plaintiffs of the MySuper class action commenced by Maurice Blackburn to settle for a total of $64.25 million.
December 06, 2024
Funds SA nabs Hostplus deputy CIO
Funds SA, the investment corporation owned by the Government of South Australia, has appointed current Hostplus executive Con Michalakis as its new chief investment officer.
December 06, 2024
November exam sees 77 pc pass rate
ASIC has released the results of the November adviser exam which has seen 225 candidates (77 per cent) pass the exam, an increase compared to the September sitting which saw only 62 per cent pass.
December 06, 2024
Managed account market lacking standardised assessment
The Conexus Institute head has challenged whether the managed accounts sector needs a standardised approach to performance assessment. However, many of the most influential people in the research sector think the industry sector is in reasonable shape.
December 05, 2024
AI offers significant boost but requires human touch
While AI has made huge advancements, US-based Morningstar distinguished quantitative analyst Michael O’Leary told the Professional Planner Researcher Forum human verification is essential to ensure errors aren’t missed. The commentary comes as the researcher aims to roll out its own AI tools globally.
December 05, 2024
Productivity: The next frontier for advice
A decrease in adviser numbers and a growing demand for advice has industry leaders saying the advice profession has an obligation to boost productivity. A roundtable hosted by Professional Planner has heard how the best-performing practices are leading the way to find efficiencies.
December 05, 2024
Jones’ claim of DBFO consensus quickly tested
Despite the Minister for Financial Services Stephen Jones claiming to have achieved “consensus” between industry and consumer lobbyists, not everyone is appeased. Concerns have been raised over the charging mechanisms and education standard with key stakeholders offering a lukewarm response.
December 04, 2024
Takes a ‘superhero’ adviser to manage clients and portfolios
The move for advisers to outsource portfolio construction is warranted because it is a unique skillset, the Professional Planner Researcher Forum has heard. Because it is such a different specialisation from giving advice, it would take a “superhero” to have the skills to do both.
December 04, 2024
