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Brighter Super launches lifetime income product in accumulation phase
|The $38 billion super fund has teamed up with TAL to offer members a lifetime income product while still in the accumulation phase.
FinCap beefs up treasury capabilities
|FinCap has welcomed a new member to help scale the firm's private markets managed accounts offering.
smartMonday tweaks fees, MySuper structure
|The super fund is transforming its MySuper LifeCycle structure by shrinking nine options into four distinct categories, while increasing its investment fees.
Former Berndale director jailed for $700k in misused funds
|Former Berndale Capital Securities director Stavro D'Amore has been sentenced to almost four years' imprisonment after admitting to dishonestly misusing nearly $700,000 of company funds and authorising false statements to ASIC.
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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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.