FAAA launches digital platform to match consumers with planners
The Financial Advice Association has launched an upgraded 'Find a Planner' tool to help its members connect with potential clients and grow their businesses.
September 11, 2024
Creating a performance enhancing remuneration model for staff
It may seem counterintuitive but evidence shows that business that pay bonuses to all staff have a higher profit margin, writes Sue Viskovic. However, there isn’t a one-size-fits-all approach towards designing the right model.
September 10, 2024
FAAA argues record-keeping requirements too onerous
The Financial Advice Association has thrown its weight against the extension of a record-keeping class order from the regulator, arguing it’s now out of date and an unnecessary contributor to the cost of advice.
September 10, 2024
MLC Life appoints two executives
MLC Life Insurance has appointed Gerard Kerr as chief executive of individual business and Jane McGovern as its chief customer and strategy officer.
September 10, 2024
ASIC calls out product issuers on DDO compliance
ASIC has called out product issuers to ensure Design and Distribution Obligations practices are up to scratch, pointing to flawed consumer questionnaires being the catalyst for some recent interim stop orders.
September 10, 2024
Govt concessions on tax adviser ethics bill fails to appease industry
Professional associations representing tax advisers are still pushing for a disallowance vote in the Senate in an effort to block legislation that would introduce eight new ethical obligations. The move comes despite the government agreeing to make amendments after industry consultation.
September 09, 2024
CFMEU saga spreads as APRA takes First Super chair to court
First Super co-chair and former CFMEU boss Michael O’Connor has stepped down from his role at the helm of the $4.5 billion industry super fund after the prudential regulator took legal action against him for allegedly hiring a CFMEU official in the fund’s contracted work. The lawsuit suggests the aftermath of the federal government’s forced administration of the infamous construction trade union is rippling beyond Cbus to other corners of the superannuation sector.
September 09, 2024
Hostplus launches digital education tools
Industry super fund Hostplus has launched a digital education tool, SuperSmart, in collaboration with super fund licensee and advice services providers, Industry Fund Services, and Iress.
September 09, 2024
ASIC wins 95pc of prosecutions in first half of 2024
ASIC has had a success rate of 95 per cent in its civil and criminal prosecutions conducted in the first half of 2024 calendar year, securing $32.2 million in civil penalties and nine criminal convictions.
September 09, 2024
Centrepoint targets 5-10 adviser ‘sweet spot’ for acquisitions
Having bucked the trend of pursuing equity stakes or variable licensee fees, Centrepoint Alliance has identified salaried advisers as its key growth channel. CEO John Shuttleworth tells Professional Planner it’s “sweet spot” for acquisitions are practices with five to 10 advisers.
September 06, 2024
AMP BOLR settlement upheld
AMP’s $100 million Buyer of Last Resort settlement has been upheld by the Federal Court.
September 06, 2024
August adviser exam sees 62 per cent pass rate
Some 62 per cent have passed the August sitting of the ASIC adviser exam, the lowest since the November 2022 sitting when 57 per cent passed.
September 06, 2024
