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FAAA says breach regime based on a ‘mistake’

Mike Taylor 29 May 2024

The Financial Advice Association of Australia (FAAA) has urged the Tax Practitioners Board (TPB) to learn from the financial services when it comes to implementing the breach reporting regime under the Tax Agent Services Act.

Referencing the breach reporting regime imposed on financial advisers, the FAAA said the changes “made…

Annuity vs lump sum

APRA data confirms super lump sums still a factor

Mike Taylor 29 May 2024

Despite the Government’s push to encourage superannuation fund members into retirement income products, there has been an increase in the number of people taking lump sums, according to the latest data from the Australian Prudential Regulation Authority (APRA).

The APRA superannuation performance statistics covering the March quarter not only confirmed…

Unhappy older dude with clock

Industry fund pushes advice as members delay retirement

Mike Taylor 29 May 2024 One Comment

Industry fund Equip Super has emphasised the availability of financial advice as cost of living pressures delay members’ retirements.

Private infrastructure debt Principal Asset Management

Sustainability of super industry a “concern”: KPMG

Yasmine Masi 29 May 2024 No Comments

A new report from KPMG has affirmed the “impressive” investment returns delivered by the super sector, despite concerns of consolidation.

New educational advice practice opens, targets HNW market

Yasmine Masi 29 May 2024 No Comments

The advice market has seen a new entrant in Freshwater Wealth, providing an “education-based advice service” for HNW individuals.

Alantra GFSM European listed small mid caps

GSFM debuts Euro small, mid caps fund for Aussie investors

Patrick Buncsi 29 May 2024 No Comments

GSFM has confirmed a new partnership with European investment firm Alantra to distribute its listed small and medium-cap fund to Aussie investors.

INDUSTRY NEWS

Will your clients’ retirement income last their lifetime?

Financial Newswire Contributor 29 May 2024 No Comments

Zenith Investment Partners in conjunction with Andrew Lowe, Head of Technical Services, Challenger discusses in this video how guaranteed lifetime…

Introducing Auxilium, your tailored solution for empowering your client support with confidence.

Financial Newswire Contributor 6 May 2024 No Comments

Our proprietary platform technology, developed in-house, is the cornerstone of Auxilium’s capabilities, supported by Fiducian’s extensive 25-years

Empower your super admin offering with empathy infused tech

Financial Newswire Contributor 12 April 2024 No Comments

Empower your super admin offering with empathy infused technology solutions for better member outcomes.

Exploring the facts behind lifetime annuity myths

Financial Newswire Contributor 1 April 2024 No Comments

Annuities have evolved and changed over the years making them quite different to what they used to be. Whilst they still pay income for life, today’s

Occupation migration

Help fill adviser shortage via migration says FAAA

Mike Taylor 28 May 2024 10 Comments

The FAAA has suggested to the Government that the financial adviser professional year be counted for migration points.

Hard bargaining

Steinhardt strikes a bargain with $2m Madison acquisition

Mike Taylor 28 May 2024 No Comments

Given a $2 million headline sale price paid in the form of convertible loan notes, Infocus has scored a bargain in acquiring Madison.

TAL survey

TAL research backs extended super advice

Mike Taylor 28 May 2024 3 Comments

Australia’s largest group life insurer, TAL, has produced new research backing an increased financial advice role for superannuation funds.

New appointment

T. Rowe Price redirects efforts to NSW advisers with new hire

Yasmine Masi 28 May 2024 No Comments

T. Rowe Price has committed to growing its adviser client base in NSW with the appointment of Camilla Banasiak as Relationship Manager.

Principal Finisterre Emerging Market debt strategy

Principal launches EM debt fund for Aussie wholesalers

Patrick Buncsi 28 May 2024 No Comments

Principal Asset Management has announced it has opened its Finisterre EM Debt Total Return Strategy to Australian wholesale & institutional investors

Bell Potter research expansion

Ex-Perpetual CEO joins wealthtech advisory board

Yasmine Masi 28 May 2024 No Comments

New wealthtech HeirWealth has named the members of its newly formed Advisory Board, which includes former Perpetual and MLC CEO, Geoff Lloyd.

Zurich AI underwriting mental health

‘Impossible for a human’: Zurich pilots AI in core underwriting process

Patrick Buncsi 28 May 2024 No Comments

Zurich has concluded a six-month pilot testing whether an AI model can overcome a major hurdle within the life insurance underwriting process

Takeover

Infocus to acquire Madison Financial Group

Mike Taylor 27 May 2024 3 Comments

In what represents a further significant change, Infocus Wealth Management is acquiring Madison Financial Group.