Industry Updates

Sequoia chief executive survives attempted ouster

Sharesholders of ASX-listed licensee Sequoia Financial Group have voted for chief executive Garry Crole and director Kevin Pattison to stay in the firm, following attempts to replace the duo with Peter Brook and Brent Jones.

Industry UpdatesJune 5, 2024

ASIC issues DDO stop order against Australian Unity

ASIC has made an interim stop order preventing Australian Unity from distributing the Select Income Fund (SIF) to retail clients.

Industry UpdatesJune 5, 2024

Equity Trustees hit with APRA fine over data reporting failure

APRA has fined Equity Trustees $782,500 for failing to meet its legal obligations to report data to the regulator.

Industry UpdatesJune 5, 2024

Retirees keen to support children, but not at the cost of their lifestyle

More than two in three Australians aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance for their children, according to a AMP research.

Industry UpdatesJune 3, 2024

Super Members Council appoints inaugural chair

The Super Members Council has appointed business leader Ann Sherry as its chair, replacing interim chair Nicola Roxon who will continue to serve on the SMC board as a nominee of HESTA.

Industry UpdatesJune 3, 2024

HESTA sees increasing member interest in digital tools

Health industry fund HESTA said its members are increasingly adopting digital tools for retirement planning purposes.

Industry UpdatesJune 3, 2024

Esencia Wealth opens Sydney office post-merger

Financial advice firm Esencia Wealth has opened a new Sydney office at Governor Phillip Tower, following the merger of four advice businesses: Advise Wise, Insight Private Wealth, Sovereign Wealth Partners and Randle Advisory.

Industry UpdatesJune 3, 2024

FAAA names winner of Gwen Fletcher Memorial Award

The Financial Advice Association has announced Nathan Purnell of SWA Financial Planning as the recipient of the Gwen Fletcher Memorial Award for the first semester of 2024.

Industry UpdatesMay 31, 2024

Former Westpac adviser launches HNW practice

Advice practice Freshwater Wealth has launched with an offering for high-net-worth individuals, including retiring baby-boomers and single and widowed women.

Industry UpdatesMay 28, 2024

Mercer Super hit with additional licence conditions

APRA has ordered Mercer Super to meet additional licence conditions after “risk management and compliance management deficiencies” were identified by the regulator.

Industry UpdatesMay 28, 2024