This time next week, the $8 billion HostPlus should begin offering intra-fund financial advice through its website, drawing on technology from an external online developer.
Sydney Financial Forum draws top talent for 'think tank'
Mike Baird
The Sydney Financial Forum, a First State answer to Victoria’s financial services thought-leadership efforts, hosts its inaugral ‘think tank’ on Thursday April 28, boasting a stellar line-up of speakers including the Treasurer of NSW, Mike Baird.
Meet the new ‘head of AustralianSuper’
There is a new ‘head of AustralianSuper’, but Ian Silk need not be alarmed – the role has been created by the big industry fund’s group insurer, Tower Australia, and filled by a salesman who will be well known to many at the fund.
VFMC ousts private markets chiefs, eyes infrastructure
Justin Arter
Face of the industry superfund movement bows out
Bernie Fraser
Industry fund to white-label clearing house
The SuperChoice clearing house will partner with Australia’s newest industry fund in an attempt to provide the fund’s employers with a streamlined way to manage their superannuation contributions online.
Russell scoops up Access departee
Russel Investments has recruited a former member of Access Capital Advisor’s portfolio construction and risk team as a Melbourne-based consultant.
MLC Private Equity to find new head
A third major departure has rocked the world of private equity, with David Krasnostein announcing he would step down as the head of MLC Private Equity.
Meet the new 'head of AustralianSuper'
There is a new ‘head of AustralianSuper’, but Ian Silk need not be alarmed – the role has been created by the big industry fund’s group insurer, Tower Australia, and filled by a salesman who will be well known to many at the fund.
‘Neutralising fee debate’ is the nice way to say it
‘Neutralising fee debate’ is the nice way to say it Last month, the chief executive of Colonial First State, Brian Bissaker, broke bread with a bunch of journalists for the first time in his four-year reign. The retail veteran was about to announce a 98.5 per cent reduction in the minimum investment for Colonial’s FirstChoice … Read more
In search of the Charlie Sheen effect
Perhaps more than any other industry, the super industry is used to change. Just think of the number of times that rules have been tinkered with over the years, before we even mention Jeremy Cooper. And we’re not afraid to try new things – even social media, writes FIONA REYNOLDS, CEO of AIST.
Look out for FoFA’s furfies
We have advocated and embraced much of the Government’s proposed reforms to financial advice. From the outset we endorsed the guiding principles of the Future of Financial Advice (FoFA) package. The Government has always acknowledged the reforms need to strike a balance to improve transparency and professionalism and at the same time ensure the affordability and accessibility of financial advice. When announcing the reforms last year, then financial services Minister Chris Bowen said: “Financial advice must be in the client’s best interest – distortions to remuneration, which misalign the best interests of the client and the adviser, should be minimised.” He went on to say: “In minimising these distortions, financial advice should not be put out of reach of those who would benefit from it.”
