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Vanguard to acquire custodian Altruist
Vanguard will acquire custodian and investment platform Altruist in a bid to expand into the American independent financial adviser market.
FAAA pushes to expand NCA to financial advisers
Financial Advice Association Australia (FAAA) said it will advocate strongly to expand the scope of the New Class of Advisers' to all financial advisers, which will currently be limited to only superannuation funds and life insurers.
SMSFA appoints head of professional standards
The Self-Managed Super Fund Association (SMSFA) has appointed Keddie Waller as the head of professional standards.
UniSuper unlocks close to $15k for members moving into retirement
Eligible UniSuper members will receive a tax-free bonus of up to $14,700 when they move into retirement phase from October 1.
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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. |  |
I'm confused as to how greater female representation would improve the execution of fiduciary duties of superannuation boards on behalf of members. I'm certainly not against the participation of both sexes in this role, but any debate on increasing numbers of females as a gender equality issue would not really seem to be an issue at the heart of best interests for members. And Eva Scheerlinck's comment about "Gender equity on super boards has been a target for our members since 2011" is clearly driven with other agendas in mind. I can't recall the last client I spoke to who raised gender equality on Superannuation Boards - Oh that's right, they don't raise it because they don't care. Nice try Eva!