OpenInvest receives long-term funding
Melbourne-based investment platform OpenInvest has secured long-term financial support from the Tayside Group, the family office of the Smith family.
Two-thirds pass November adviser exam
Some 66 per cent of candidates have passed the 23rd adviser exam, which was held in November, according to an update from ASIC.
AustralianSuper brings death claims management in-house
AustralianSuper has changed its membership service model to internalise the death claims and complaints processes, while announcing that it’s signed a memorandum of understanding to negotiate an extension for Link Group to provide core administration services until at least 2028.
‘Cognitive dissonance’ behind member experience flaws: CoreData
Consumer trust in the superannuation sector fell in the past decade, and according to researcher Andrew Inwood of CoreData, the public’s loss of faith could lead to bigger picture consequences. Chief marketers for mega-funds Aware Super and UniSuper say collaboration between teams on member communications could make a difference.
AMP updates self-licensed adviser service offering
AMP has updated its offering for self-licensed financial advisers, Jigsaw Advice Solutions, with the aim of helping improve service efficiency.
Govt releases draft legislation for adviser exam changes
The government has introduced draft legislation to modify the financial adviser exam by adding more multiple choice questions and opening up who can sit the exam.
ART taps Mercer executive to succeed Reilly as CEO
Australian Retirement Trust has appointed Mercer executive David Anderson as chief executive, replacing Bernard Reilly who resigned earlier this year.
Insignia’s investment solution Expand Essential launches updates
Insignia Financial’s super, pension and investments wrap platform Expand Essential has announced a slew of new menu functions to help advisers better serve their clients.
COP28: Green steel, hydrogen and the role for super funds
Prime Minister Anthony Albanese speaks with Conexus Financial editor-in-chief Aleks Vickovich.
Poor valuation practices threaten super sector’s reputation
Asset consultant Frontier Advisors, alongside AustralianSuper and Cbus, have called on the broader superannuation industry to treat the development of a well-governed valuation process as a top priority, suggesting that bad practices are not doing anyone a favour and send a wrong message from the sector.
Trustees will need to upskill as super funds become the new finance titans
As superannuation funds increase in size and complexity, chairs and trustee directors need to be across a wide range of specialisations from retirement strategies and advice, to M&A and dealmaking, data, marketing, digital and IT. These myriad skills will come in handy as they face the politics that inevitably comes with a system that faces constant criticism and scrutiny.
FAAA welcomes revised ATO guidance on advice fee tax deductibility
The Financial Advice Association has welcomed the Australian Taxation Office’s revised guidance on tax deductibility of financial advice fees, suggesting that it’s a positive development in clarifying relevant rules.
