Editor's Choice
ASIC stalls Sequoia bid to ditch cross guarantee deed
|ASIC is again putting up roadblocks to Sequoia Financial Group's attempt to revoke the deed of cross guarantee with InterPrac Financial Planning, asking more questions and requesting more information before the group rids itself of all liabilities arising from the Shield and First Guardian disaster.
MLC Super creates two new general manager roles
|MLC Super has created two new roles of general manager of portfolio delivery and general manager of employer superannuation.
Robeco pitches Enhanced Indexing strategy to instos
|Robeco has launched a new systematic strategy for institutional investors, designed to manage the Australian index's overconcentration in banks and miners.
Mercer reshapes fund manager lineup for fixed income strategy
|Mercer Australia has halved the number of fixed income fund managers in its sovereign bond fund strategy, retaining just Challenger Life and Macquarie Investment Management.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.







It will be very interesting to see whether the regulators will keep a very close eye of Westpac / BT and the other major bank's practices in 'selling' their all-finance/banking story to employers to ensure third line forcing isn't being practiced.
As for so-called life cycle MySuper strategies being a point of positive differentiation, there is ample academic and anecdotal evidence that points to such 'product' being far from advantageous.
Interesting to note the composition of Fairwork Australia's Board. Also how very competitive non-industry (non-union) super offerings have failed to gain admittance to the award super panel.
Any moves to offer greater choice and break the former Socialist government backed, union stranglehold on superannuation assets should be applauded.