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UniSuper outage continues, no cause identified
The super fund plans to begin restoring services later this week, though chief executive Peter Chun has told members the root cause of the outage remains unknown.
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Australian Retirement Trust (ART) has completed its merger with AvSuper after the two super funds formalised negotiations in February 2023.
ASIC clamps down on advisers, trustees cold calling
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds.
FSC launches digital advice group
The Financial Services Council (FSC) continues to expand into financial advice by taking on a digital advice association that flagged its formation one year ago.
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Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Yes, the guidelines have to be robust, but not of a nit picking quality. Regulators need to be people who come from a proper financial services background, who are prepared to look at all sides of the arguments and are not associated with a particular political disposition.
I see too many failures right around.
The regulations should be applied in seeing all parties as one industry, offering various products.
That includes SMFs, Bank and Private financial planners, Industry Funds and also State Government Funds. There have been too many loopholes exploited by all of these. Unless the Governments concerned get together and recognise this, the clients will remain confused and disadvantaged.