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Viridian promotes to investment team, launches Infinity
|Viridian Financial Group announced three promotions to its investment leadership team as it merges its asset management and private wealth businesses under a single unit called Infinity.
Fight between SMC and FSC on super rages on
|The Super Members Council (SMC) has called out the Financial Services Council (FSC) on making selective claims about performance and costs of 'platform' super funds compared with performance-tested mainstream MySuper funds.
Global X launches global SMD ETF
|Global X ETF has expanded its international equity range with the launch of the Global X MSCI International Small and Mid-Cap ETF (ASX: ISMD), offering Australian investors low-cost exposure to small- and mid-cap companies across developed markets outside Australia.
Super Consumers appoints former regulator as chair
|Super Consumers Australia (SCA) has appointed former deputy chair of ASIC and ACCC as its board chair.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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.