Minister for Financial Services Stephen Jones has laid out a vision for streamlining advice regulation, but there is still the apprehension that savings on the cost of advice will not be passed on to consumers. Instead, it will likely be the case that super funds cover the advice gap and become the breeding ground for new talent.
Leading Harvest, a non-profit organisation founded in the US, launches its industry-leading program in Australia to implement a world-first sustainability assurance program to help harmonise sustainability reporting across crops and regions.
Private markets investment firm Northleaf Capital Partners has selected Equity Trustees as the trustee and custodian of its senior private credit fund, NSPC AUD Investor Trust.
APRA has asked super funds to report any exposure to the collapsed Silicon Valley Bank amid a global rout of banking stocks as investors flee to safe-haven investments such as sovereign bonds and gold.
Standalone corporate super funds face significant challenges to remain viable, hit by dwindling in-flows due to falling membership.
Minister for Financial Services Stephen Jones is keen open the door to super funds providing financial advice to members with an expected 5 million Australians in or approaching retirement over the next decade.
AUSIEX has released some preliminary findings from an upcoming refresh of its 2022 research paper, SMSFs Under Advice, a comparative analysis of the profile, trading activity and holdings of advised SMSF clients.
New Quantum Holding’s acquisition of the equities clearing business Morrison Securities is laying the foundation for its growing presence in the US, Middle East, and Asian markets.
Ethical investment manager Australian Ethical has made several additions to its leadership team.
Independent investment consultancy bfinance has appointed Olivier Cassin as its global head of investments and research. Cassin was previously with the firm from 2000 to 2014. He arrives from BNY Mellon, where he was head of EMEA client solutions. In his new role, Cassin will oversee all bfinance’s global research activities, including manager selection, portfolio … Read more
The Council of Australian Life Insurers has appointed Ben Marshan as director of policy and industry affairs and Michael Johnston as director of policy and advocacy.
Hesitant to make policy confirmations at the early stages of consultation, Minister for Financial Services Minister Stephen Jones sees no future for the current long-winded Statements of Advice. However, the bad news for the profession is any advice-related legislation will have to contend with other national priorities.
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