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ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... clients with a Statement of Advice was extended by ASIC for those providing urgent superannuation advice in preparation for next week's reforms. Advisers will now have an additional 30 days to provide a SoA pertaining to personal advice provided to retail ...

Australia a nation changing fast: Census

ALEX DUNNIN  |  TUESDAY, 27 JUN 2017
... income product designs will be significant. Australia's population doubled in the past 50 years and is likely to double in the next 50 years to about 50 million, 80% of which will probably live in urban and capital cities. This also comes with huge infrastructure ...

The 2016 Census as a guide

BENJAMIN ONG  |  TUESDAY, 27 JUN 2017
... budding entrepreneurs - and in our case, financial planners and investment institutions - in their quest to profit from the next big thing. According to the 2016 Census, Australia's population has grown to 24.4 million at the end of 2016 - up 8.2% from ...

REST CEO moves on, custodian renewed

EMMA RAPAPORT  |  MONDAY, 26 JUN 2017
... REST now has great momentum and is in a position of strength. I believe now is an appropriate time for me to move to the next stage of my career." The board intends to engage an executive search firm to assist with a search for a successor and will be ...

Finance braces for Amazon effect

EMMA RAPAPORT AND DARREN SNYDER  |  MONDAY, 26 JUN 2017
... Already sending shockwaves through local major retailers, Australian fintech Avoka believes financial services will be the next industry to experience the 'Amazon effect'. "When Australian consumers start to receive streamlined and greater levels of ...

JB Financial enters buyout mode

ALEX BURKE  |  FRIDAY, 23 JUN 2017
... and Trademark Investigation Services. JB Financial expects the business to contribute about $27 million in revenue over the next financial year. "We expect to continue to grow this business organically and through acquisition. RSM has a very large nationwide ...

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... reminding Australians to prepare, warning those using electronic transfers to boost their superannuation to act ahead of next week's deadline, predicting some will miss the cut and need to withdraw contributions, or risk a substantial tax. According ...

Executive hires at SCOR Global Life

KARREN VERGARA  |  THURSDAY, 22 JUN 2017
... will help continue to grow SCOR's presence locally. Dr John Cummins was also appointed as chief medical officer effective next week. In addition to running his own private practices, Cummins' work focuses on evidence-based preventative medicine mainly ...

MLC Life adapts to meet shifting expectations

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2017
... digitally focused and enable the delivery of customer-centric life insurance propositions. "Our new website signifies the next step in our digital transformation. We are keen to simplify and enhance the experiences we provide to our customers, advisers ...

Sequoia announces acquisition

KARREN VERGARA  |  TUESDAY, 20 JUN 2017
... InterPrac is a business that is profitable, has a growing revenue stream, and a strong balance sheet, marking "an important next step in our growth." Beeton added the acquisition is subject to shareholder approval and due diligence to be conducted. Sequoia ...