Editor's Choice
Super Members Council appoints inaugural chair
|The Super Members Council (SMC) will soon welcome Ann Sherry as its first chair.
Generation Development Group to take over Lonsec
|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.
Equip Super names chief experience officer
|Equip Super appointed its inaugural chief experience officer (CXO), previously at legalsuper.
APRA warns entities on adequacy of backup systems
|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.
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Featured Profile
Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
One of the current challenges for change is that mature practices with pre FoFA revenue suffer a significant cash flow hit when moving into any new Licence that doesn't have any grandfathering locked in. This suggests that AFSL's with grandfathering, APL & Platform flexibility with scale will most likely be the beneficiary of moves in 2015. There's a lot of noise about inquiries for self licensing today but no real evidence of large practices taking the hit once they realise the loss of cash flow. There's strong reason for like minded firms looking for scale and flexibility tofilter through the non bank, non AMP non IOOF affiliated AFSL market and find homes that are in tune with low cost product delivery and higher advice fees.