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Advice, but not as you know it

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... have on the future of advice, it is fair to say it may not look the same when all's said and done. Speaking to Financial Standard chief executive of JANA, Jim Lamborn, said the advice industry was already going through a significant period of change ...

A challenge in a Class of its own

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... matters, part of NowInfinity's development team is based in the Ukraine. Class chief executive Andrew Russell told Financial Standard the experience of buying a business only for it to end up on the other side of closed borders was quite the learning ...

Morningstar appoints adviser solutions head

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... development for advisers and asset managers at the research house. Morningstar confirmed Hope's appointment to Financial Standard. "Doug has joined Morningstar as head of adviser and asset management solutions," a Morningstar spokesperson told Financial ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... unsuccessfully to the Federal Court about an AFCA decision asking the fund to refund a member extra premiums, Financial Standard first reported. As a part of its appeal, QSuper had challenged AFCA's jurisdiction over the matter. The fund yesterday ...

ME Bank saga could impact super funds

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... balances on their mortgages had been dramatically slashed without any warning. One letter from ME Bank, seen by Financial Standard, showed a customer's redraw balance had been slashed from $92,700 (as at 17 April 2020) to $76,200 on 23 April 2020 ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... not revealed. Former PEXA chief Marcus Price is acting as a strategic adviser to PIP, as first reported by Financial Standard last week. Sue Thomas -- who has held directorships at Grant Thornton Australia, PEXA Limited, Advance Asset Management, Asgard ...

New buyers for Sargon businesses confirmed

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... not revealed. Former PEXA chief Marcus Price is acting as a strategic adviser to PIP, as first reported by Financial Standard last week. Sue Thomas -- who has held directorships at Grant Thornton Australia, PEXA Limited, Advance Asset Management, Asgard ...

Super fund delays successor fund transfer

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... effective around May 1 as its inflows slowed down significantly during FY19 and five-year performance slipped, Financial Standard first reported March 20. However, at the end of that month, COVID-19 put a halt to the successor fund transfer plans. "Due ...

Platform bolsters distribution, relationships teams

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... after leaving Netwealth. His appointment was part of an expansion for the company into Victoria. Speaking to Financial Standard at the time about the expansion into Melbourne, Bignill said: "Melbourne has always been a big focus for us and today it stands ...

Asset consultant expands into retail market

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... advice and private wealth firms in response to the needs of the "growing and evolving" sector. Speaking with Financial Standard JANA chief executive Jim Lamborn said the move is in response to a growing demand in the market. "Our focus for 32 years has ...