Industry Updates

Super dominates adviser technical queries: AMP

Financial advisers are focused on helping their clients navigate super contributions, conditions of release or withdrawals, transfer balance caps and home ownership issues, according to the latest data from AMP Advice.

CSC bolsters its retirement income strategy with Challenger

Commonwealth Superannuation Corporation will move into the next stage of its Retirement Income Strategy in early 2024, enlisting Challenger to develop a longevity solution to help meet its customers’ needs in retirement. 

Advisers want more support to help educate clients of geopolitics: Viridian

Some 73 per cent of financial advisers said they could use more support to educate clients about the potential implications of geopolitical tensions, according to a new poll conducted by Viridian.

Govt to regulate genetic testing in life insurance underwriting

The government is considering the options to regulate the use of genetic testing results in life insurance underwriting, releasing a consultation paper on Monday for industry submissions.  

Govt to introduce RBA reform bill this week

The government will this week introduce legislation to Parliament to reform the Reserve Bank of Australia by reinforcing its independence, clarify its role and modernise its structure.

Wealth transfer talks key to client satisfaction rate: Research

By encouraging clients’ children to be involved in the wealth-transfer process, financial advisers are likely to see a higher satisfaction and retention rate, according to a whitepaper from Australian Ethical and CoreData Research.  

Super funds up offshore asset allocation in 2023: NAB

The total offshore asset allocation of Australian super funds has reached 47.8 per cent in 2023, according to the biennial NAB Super Insights Report.  

Optimum Pensions releases retirement income strategies book for financial planners

Optimum Pensions has released a new book aimed at helping financial planners design secure income strategies for their retiring clients. 

Australian Ethical CEO joins Australian Philanthropic Services board

Australian Philanthropic Services has appointed Australian Ethical CEO John McMurdo to its board of directors.

Frontier Advisors restructures research team

Frontier Advisors has restructured its research team, promoting a slew of internal talents.

ASIC gains court order for iExtend to apply for an AFSL

ASIC has accepted a court enforceable undertaking from iExtend after investigating concerns it was operating a financial services business without an Australian Financial Services Licence.

Mercer fined $12 million for fee disclosure failures

The Federal Court has ordered Mercer Financial Advice pay a $12 million penalty after being found to have failed in its fee disclosure obligations and charging fees to customers it was not entitled to charge.

Previous Next