Financial Standard

Four advice firms merge, launch Esencia

KARREN VERGARA  |    12:36PM   Four financial advice firms have merged to form Sydney-based practice Esencia Wealth.

Wollongong adviser wins Gwen Fletcher Memorial Award

KARREN VERGARA   SWA Financial Planning's Nathan Purnell has won the latest Gwen Fletcher Memorial Award.

GSFM and Tribeca part ways after 16 years

ELIZA BAVIN  |    12:35PM   In an email to clients, GSFM chief executive Damien McIntyre said the decision to part ways was made "amicably".

Generation Development Group to take over Lonsec

KARREN VERGARA  |    12:33PM   Lonsec Holdings will have a new parent company as Generation Development Group (GDG) is due to acquire the remaining stake in the research and ratings house.

MIESF adjusts insurance premiums

ANDREW MCKEAN  |    12:38PM   Meat Industry Employees' Superannuation Fund (MIESF) will increase total and permanent disability (TPD) insurance premiums by 5.4%, effective July 1.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN   The number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN   The latest inflation data has done little to quell fears that Australians are in for more interest rate pain for longer.

Financial services workers eye earlier retirement

KARREN VERGARA   Men and women who work in financial services intend to retire earlier compared to the average worker, new data from the Australian Bureau of Statistics (ABS) reveals.

APRA warns entities on adequacy of backup systems

JAMIE WILLIAMSON  |    12:34PM   APRA has reminded its regulated entities of the need to remain vigilant when it comes to cyber resilience, identifying the use of data backups as a weak spot.

ASIC tells super funds to 'step it up'

ELIZA BAVIN   ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.

Super Members Council appoints inaugural chair

JAMIE WILLIAMSON  |    12:50PM   The Super Members Council (SMC) will soon welcome Ann Sherry as its first chair.

Equip Super names chief experience officer

KARREN VERGARA  |    12:32PM   Equip Super appointed its inaugural chief experience officer (CXO), previously at legalsuper.

Retiree dilemma: Supporting children or preserving lifestyle?

ANDREW MCKEAN  |    12:42PM   AMP research has revealed that four in five Australians aged 65 and over believe their children face similar or harder challenges than they did amid the cost-of-living crisis.

HESTA pushes for expediated advice reforms

ANDREW MCKEAN  |    12:36PM   HESTA has reported a "real shift" in how its members want to engage with their superannuation, leading it to urge the government to release tranche two of the Quality of Advice Review reforms.

Preqin launches new term intelligence tool

ELIZA BAVIN   The new tool aims to help fund managers get clarity when reviewing Limited Partner Agreement terms.

BT Panorama launches first-of-its-kind private market managed account

ANDREW MCKEAN   BT has launched the Drummond Private Markets Separately Managed Account (SMA) on the BT Panorama platform, offering high-net-worth (HNW) clients access to a portfolio of private equity, private debt, and real assets.

Geopolitical risks push APAC family office allocations locally

KARREN VERGARA   Geopolitical risks are dictating how family offices in the Asia Pacific invest as more intend to shift asset allocations to their home regions, according to UBS.

Family offices up active management, eye generative AI: UBS

ANDREW MCKEAN   Family offices are increasingly turning to active management or manager selection to diversify portfolios, according to the latest UBS Global Family Office Report.