Midwinter launches paraplanning program
Midwinter Financial Services has partnered with Scale Up Paraplanning, TNW Solutions, and Rocket Services to launch the Paraplanning Partners Program following a successful pilot phase.
Future Fund posts 6pc for FY23, warns of persistent lower returns
Australia’s sovereign wealth fund delivered 6 per cent in the financial year ended June 30, in what its chair, former treasurer Peter Costello, described as a challenging environment amid persistent inflation. The Future Fund board continues to manage expectations, warning returns over the near term will be lower than the market and community have become accustomed to.
The question all funds must ask before mastering a retirement solution
Funds are realising that meeting a member’s retirement income needs will likely require information, guidance and in some cases financial advice, combined with a product solution of some description. But Super-Rewards founder Pascale Helyar-Moray says ASFA’s retirement standard is not fit for purpose amid rising interest rates.
Russell Investments expands sustainable managed portfolios
Russell Investments has expanded its sustainable managed portfolios to include multi-asset conservative, diversified 50, and high-growth options.
TISLife joins Count’s advice community
Community-focused advisory firm TISLife has joined Count’s national advice community.
Purpose of super campaign betrays ‘three pillars’: Coalition
The federal opposition says the government’s focus on legislating a purpose for the superannuation system fails to place sufficient priority on home ownership and the age pension, in breach of the conclusions of the 2021 Retirement Income Review. Shadow Minister for Finance and former AustralianSuper employee Jane Hume says a “purpose of retirement” debate would better serve consumers.
Opposition rejects ‘carve-out’ for super funds on financial advice
Amid criticism over its past performance managing the sector, the opposition has called on the government to take swift action on all 22 Quality of Advice Review recommendations to close out a decade-plus stream of regulatory reform. If need be it will seek a mandate from the general public at the polls.
State Super selects Premialab for portfolio management & risk solutions
State Super has selected independent software platform Premialab to assist in the delivery of portfolio management and risk solutions.
AI-powered mental health app tackles stigma & support gap
MLC Life Insurance has launched a pilot of Wysa Assure, an AI-based mental health support application, in partnership with Swiss Re Reinsurance Solutions.
Iress tech to fuel merger
Industry superannuation funds Spirit Super and CareSuper have selected the technology of software company Iress as the foundation for their merged entity.
Shadow ministers to take aim at $185b budget spend, QAR response
Shadow Treasurer Angus Taylor and Shadow Finance Minister Jane Hume will on Monday unveil their alternative vision for management of the Australian economy and policies impacting the financial services industry.
