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AIA Australia rejigs retail team, appoints new lead
|AIA Australia's restructure of its retail business will see two senior leaders depart while a new chief retail insurance officer has been appointed to take charge of the next phase of growth.
JANA launches private credit trust
|JANA is expanding its investment trust offering with the launch of an institutional-quality private credit solution.
FAAA welcomes 'widow's tax' changes in CGT, negative gearing reforms
|FAAA says it welcomes the legislative changes aimed at addressing the so-called "widow's tax," noting the amendments will protect grieving families and individuals navigating relationship breakdowns from unintended tax consequences.
ART strikes $883m QLD Westfield deal
|Australian Retirement Trust (ART) has agreed to acquire a 50% interest in Brisbane's Westfield Mt Gravatt from Scentre Group for $882.5 million, in what is expected to be Australia's largest single-asset retail transaction this year.
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Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
It is time the Labor Party and their comrades in the Industry Super Funds network realised that the ball game has now changed and we have adults running the show who do not have particular ideological agendas. Opt in should never have been legislated as clients can leave a Planner when ever they choose to do so.
The inclusion of FDS for pre-1/7/2013 clients was added by stealth by shifty Bill when the legislation was released even though this had never been proposed in all original negotiations. All this did was add costs to the provision of Financial Planning Services with no benefit to the consumer.
I am writing as a Chartered Accountant who has been providing Financial Planning Services for nearly 27 years. I am sure I would have a better understanding of this profession than either Bernie Ripoll of David Whitely.
Bernie Ripoll is still out of touch with the Financial Services Industry and does not understand. Did not understand before and produced a report that was biased against advisers and planners whom he quite clearly detests and wants expunged.
This is why the ALP has no idea of where it is going. The next thing we will have is Ripoll endorsing the idea that Unions are free of corruption and scams and the at the earth is flat.
Surely the ALP can find someone better than Ripoll to be the shadow Minister.