CFS-Otivo deal tackles post-Hayne orphaned client problem
Colonial First State has tapped digital adviser Otivo to provide services to members on its FirstChoice platform. The deal is motivated by the goal of helping unmet advice needs, particularly for the more than half a million orphaned clients, which has been a long-standing issue facing the platform since the Hayne royal commission.
October 16, 2024
AustralianSuper makes first US data centre investment
AustralianSuper has made its first investment in the US data centre market, injecting $2.2 billion in DataBank alongside the company's existing investor DigitalBridge.
October 16, 2024
Netwealth’s Flux acquisition points towards HNW oversaturation
Netwealth’s acquisition of the financial education platform has signalled a strategic move for the traditionally High-Net-Worth focused platform to expand beyond what has become an oversaturated market. CEO Matt Heine said the goal is to equip advisers and licensees for the $3 trillion intergenerational wealth transfer.
October 15, 2024
Wholesale changes wrong lever to pull: SIAA
The Stockbrokers and Investment Advisers Association has argued against changing the wholesale investor test, believing it would add further disruption to an advice ecosystem currently under several reforms.
October 15, 2024
Zenith appoints group head of research
Investment research provider Zenith Investment Partners has appointed Grant Kennaway as group head of research.
October 15, 2024
Housing Australia, ART invest with Queensland government in new homes
Housing Australia and super fund Australian Retirement Trust will invest in the delivery of 604 new affordable and social housing across South East Queensland, with the support from state government.
October 15, 2024
Industry funds have outperformed, but it’s not because of board structure
There are reasons profit-to-member super funds have outperformed their retail counterparts, but Colin Tate AM writes that Garry Weaven is wrong to say the structure of their respective boards is the main one, and they may not be a reason at all.
October 14, 2024
FAAA pushes for extension on legacy retirement product exits
The shortage of financial advisers with legacy retirement product knowledge could make it a challenge for Australians to exit legacy retirement products which updated Treasury rules have aimed to introduce.
October 14, 2024
Are your clients spooked by market volatility?
Market volatility is an inherent part of investing. And, as an adviser, you’ll know it can scare investors. Understanding how your client’s super fund addresses market instability can help maintain confidence, writes Hostplus deputy CIO Greg Clerk.
October 14, 2024
Super tax amendments in hands of crossbenchers
The body representing advisers to the almost $1 trillion self-managed super fund sector remains optimistic that its proposed amendments to a superannuation tax bill that were voted down in the lower house can be saved in the Senate, despite opposing voices in favour of the bill in its current state.
October 11, 2024
Number of new AFSLs declines in FY24
The proportion of new AFSL applications approved by ASIC has dropped over the past year, a report from the regulator shows. The findings come as it ramps up preparation for its new licensee registration portal it will launch early next year.
October 11, 2024
