Former Iress CEO joins Profile board
Former Iress CEO and Xplan co-founder Andrew Walsh will join the board of boutique advice firm Profile Financial Services at the end of the months as independent non-executive director at the end of the month.
October 29, 2024
Cbus’ $990 retirement advice underpinned by intrafund
Profit-to-member super fund Cbus has unveiled a new advice offering which it says gives members the option of middle ground retirement guidance without paying external advice fees, but the fund’s retirement advice senior manager Kristin Bishop says the relatively low price point is a function of the fee subsidisation in its intrafund advice model.
October 28, 2024
Federal Court rules HCF Life contract term was liable to mislead public
The Federal Court has found that a ‘pre-existing condition’ term in a few HCF Life Insurance Company policies was liable to be misleading.
October 28, 2024
Half of global advisers threatened by intergen wealth transfer
The impending intergenerational wealth transfer is considered an “existential threat” for advisers around the globe, according to the Natixis 2024 Global Survey of Financial Professionals. Advisers are focused on keeping client heirs on the books and bringing in new clients to continue growing their business.
October 28, 2024
ASIC offers FSG clarification after DBFO leaves ambiguity
ASIC has clarified the distribution of Financial Services Guides is not required when dealing in financial products as a result of providing financial advice. The Financial Advice Association welcomed the distinction but noted that it is temporary measure and hoped the government will step up with a permanent fix.
October 25, 2024
AMP makes senior hires in super and investment team
AMP has made two senior appointments to its super and investment team, reporting to group executive of the division Melinda Howes.
October 25, 2024
CALI board elects co-chair and three directors
The board of the Council of Australian Life Insurers has appointed MLC life insurance chief executive Kent Griffin as co-chair, sharing the position with AIA Australia CEO Damien Mu.
October 25, 2024
Treasury AI review little cause for concern for advisers
A profession-wide, cautious approach to compliance means the overall advice ecosystem should be ahead of the curve if the government modifies consumer law to further support the safe and responsible use of AI by businesses.
October 24, 2024
