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
Test out tech to stop bad investments
Advice firms must decide how they want technology to benefit their business before investing large sums of money into systems that might not be the best fit. Testing out multiple systems can stop money being wasted on unnecessary technologies.
October 10, 2024
Profile CEO steps aside after seven years
Profile Financial Services CEO Lena Ridley will step away from the company at the end of next month, ending a nearly seven-year tenure that was marked by sweeping changes in the industry due to the Hayne royal commission, the Covid-19 pandemic, and the divestment of its product arm.
October 10, 2024
Jones cedes ground on tax adviser rules after crossbench, Coalition blocks
The government has agreed to fix shortcomings raised by industry bodies over new ethical obligations for tax financial advisers. The changes come after two disallowance motions in the Senate attempted to block the new rules.
October 09, 2024
