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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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Digital assets and where they stand in 2026
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Rethinking default design in a changing market environment
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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. |  |
Another malinformed and misguided initiative. Have any of these clowns actually worked out who these claims are against? Less than 1% will be IFAs and once again the institutions get away scot-free.
Irrespective of who is at fault for the financial harm that this scheme claims to redress, in what universe is it morally reasonable to determine liability for the harm caused (by others) based solely on occupation?
Will we also ask every politician to personally compensate the victims of bad policy put forward by the other party or that they didn't support or that happened before they were elected? Will we ask every single health worker to compensate people for things that didn't occur in their practice or hospital or whilst they were still in university and not working?
That is the offence being committed right now against the dedicated and committed financial planners of today. It's also why so many are leaving an industry they once loved. Future clients deserve better representation than to have advisers brave enough to be in business but unable to afford any but the most profitable of clients because of such levies.
Why doesn't the industry simply not pay - if we all came together and decided NOT TO PAY.
It is that simple, do you think they will cancel all FPs licenses... I do not think so.
If only we had a universal platform that all our Industry used / knew about were we could broadcast and communicate. Wouldn't that be great and send a very clear message to Canberra STOP TREATING this industry like an ATM with no PIN.