Financial Standard

BWC Partners joins Count Financial

JAMIE WILLIAMSON  |    12:40PM   The national advice group has welcomed BWC Partners to its network, bringing its total new adviser count so far in 2022 to 41.

Fitzpatricks expands QLD presence

JAMIE WILLIAMSON   Fitzpatricks Private Wealth has grown its network, adding a Fortitude Valley practice.

AMP offloads remainder of Collimate Capital

JAMIE WILLIAMSON  |    12:39PM   AMP will sell Collimate Capital's international infrastructure equity business to DigitalBridge Investment Holdco for $700 million.

Macquarie responds to term deposit scam

CHLOE WALKER  |    12:34PM   Macquarie Group has issued an official warning to customers after someone posed as a staff member and swindled a widow out of $760,000.

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |    12:37PM   Superannuation funds must do a better job of communicating the value of group insurance, with research revealing just 25% of Australians understand what they're covered for, and many may not be adequately covered following recent reforms.

Reframing disability: A world-changing opportunity

ANDREW MCKEAN  |    12:17PM   At the 2022 ASFA Conference yesterday, senior representatives of TAL and Rest emphasised the importance of supporting people with disability with a holistic claims experience.

SMSF establishments on the rise

ELIZABETH MCARTHUR   New research shows that the pandemic and inflation concerns have not blunted the enthusiasm of Australians for setting up self-managed super funds.

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN   The SMSF sector has been plagued with delays when rolling over funds from APRA regulated funds to SMSFs, so the industry body is working with the regulator with the hope of improving processes.

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |    12:42PM   The Consumer Price Index (CPI) rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000.

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON   In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest annual jump in CPI since 2000.

ASX seeks to improve investment products offering

CHLOE WALKER  |    11:53AM   A newly released consultation paper from the ASX suggests changes to the existing rule framework may be needed to better serve investor needs, including the merger of AQUA and Warrant Rules.

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON   The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties.

New board directors at FEAL

JAMIE WILLIAMSON  |    12:43PM   Aware Super's Deanne Stewart and HESTA's Lisa Samuels have joined the board of the Fund Executives Association Ltd (FEAL).

Pallas Capital strengthens distribution team

CHLOE WALKER  |    11:51AM   Brad Gowenlock and Esther Fang have each been welcomed as partners in Pallas Capital's distribution team.

Labor MP savages government's superannuation record

ANDREW MCKEAN  |    12:36PM   At the ASFA Conference this morning, shadow minister for financial services and superannuation Stephen Jones outlined his party's policy and attacked the government's "crackpot ideas".

Maritime Super slapped with infringement

ELIZABETH MCARTHUR   Maritime Super, which is soon to merge with Hostplus, has been hit with an infringement notice by ASIC over alleged misleading statements to members about its partnership with Hostplus.

Cyber attacks scare directors: WTW

ELIZABETH MCARTHUR   Company directors are understandably spooked by the threat of cyber attacks, extortion and ransomware, a survey has found.

WealthO2 rolls out rebrand

JAMIE WILLIAMSON   After merging with Roar and NEO earlier this year, the platform is now rebranding to DASH Technology Group.

More UHNWIs than ever: Report

CHLOE WALKER   The number of ultra-high-net-worth individuals worldwide climbed by almost 10% last year despite the ongoing pandemic, new Knight Frank research shows.

Coterie invests in wealth platform

KARREN VERGARA   Coterie Capital has invested in a wealth management platform that has grown to $10 billion in funds under administration.