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WealthO2 appoints national BDM

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... savings through technology," she said. "WealthO2 is the fastest growing adviser platform solution on an FUA basis, with close to $2 billion in FUA. "Our new appointments all have a proven track record of success, and their combined experience in business ...

Morningstar boosts financial planning capabilities

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... the US, Canada, UK and Australia. The terms of the acquisition were not disclosed, however, the transaction is expected to close in the second quarter. It comes off the back of the research firm's acquisition of Australian cloud-based adviser software ...

Spitfire loses top executives

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... joining. Shuttleworth, a former BT Financial Group executive is now a self-employed consultant and investor. Shuttleworth spent close to 15 years at BT, having held a number of leadership positions before leaving the company in late 2018. A spokesperson ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... best interest of QSuper members," Luke said. Luke's Sunsuper counterpart Andrew Fraser said the fund would still keep a close eye to the impact the merger would have on members. "Any merger will only proceed on the basis it will benefit the membership ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
The day you, I and Irene lost sleep over contemplating the potency of future central bank policy actions, given their sharply reduced firepower, when the next threat to the global economy comes. The coronavirus outbreak has brought that day upon us. ...

Industry fund winds up infrastructure option

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2020
... shuttered by Media Super in recent months. In mid-November last year the fund notified members its income plus option would close on February 5. This was as a result of the ongoing low bond yield market environment impacting the distributable income ...

SuperConcepts names new chair

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
AMP's SuperConcepts has named a new chair, hiring from McPherson Super Consulting. Stuart Forsyth will take on the position, leaving his consultant role at McPherson Super Consulting. Prior to that, Forsyth was a non-executive director at SuperIQ and ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
Colonial First State has cut fees for about 200,000 members and will close some legacy options in FirstChoice Employer Super, as it simplifies its product line and phases out grandfathered commissions. The changes are across retail products (legacy ...

HESTA appoints GM, internalises investments

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
The $57 billion industry superannuation fund has announced a shakeup to its investment leadership, announcing plans to internalise the management of several asset classes. Steven Semczyszyn will lead development of an internalised Australian equities ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... on their age in a move designed to more closely reflect what it costs to provide cover, the fund said. "We always keep a close eye on our insurance pricing to give you the best-value cover we can. And when we last changed our pricing in September 2017 ...