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Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure
|Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.
Sequoia revokes dividends, chief financial officer exits
|Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.
Acclaim Wealth names chief executive
|The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.
Global X cuts fees on gold ETF
|Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.
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Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Good on you, PK, for calling these guys out. Here's an idea; let's turn up late to the game and berate those who were playing before you arrived!
What vested interest do the AFA & FPA have? They only exist to represent the interests of their members. They have no other purpose. They are no less happy with where the industry finds itself than the rest of us, and say so on a regular basis.
The only thing to come from sniping at them in the press is to play into the hands of the Government, who then say, "See, these guys can't even get on the same page, so we need to prescribe terms to them". Mind you, you would expect nothing more from a "breakaway" group that fails to see the irony in calling themselves "United".