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AustralianSuper subverts stapling logic
KARREN VERGARA  |  FRIDAY, 9 APR 2021
Australia's largest superannuation fund is taking issue with the proposed stapling regulations, arguing that the model is backwards and will not protect members from being stuck in dud funds. AustralianSuper chief executive Ian Silk shot down media ...
QMV partnerships lead resigns
KARREN VERGARA  |  THURSDAY, 8 APR 2021
The national manager of strategic partnerships at QMV has left after five years with the Melbourne-based financial services consulting firm. Michael Wilcox joined QMV in May 2016, taking on responsibilities for promoting independent advice, delivery ...
Junk insurance lands Westpac in court
KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...
Research reveals true value of advice
KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
Unadvised Australians are open to receiving financial advice, according to an IOOF survey, which also highlighted the qualitative benefits that improve lifestyles and overall wellbeing. IOOF's The True Value of Advice report, which canvassed over ...
NZ Super Fund appoints two GMs
KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
The NZ$55 billion New Zealand Super Fund has appointed two senior leads to its executive team, who will join the Guardians on July 5. Paula Steed was appointed general manager of finance and investment operations, responsible for the finance, tax, internal ...
MLC exec to lead fintech
KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
A former MLC advice executive has joined fintech Intelliflo to lead the Australian business in a newly created role. Intelliflo will welcome Geoff Rogers to expand the firm's presence in the local wealth management market on June 14. Rogers has been ...
CFP Board creates diversity and inclusion role
KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
The Certified Financial Planner Board of Standards has appointed its first diversity and inclusion lead, who joined from sports car racing company NASCAR. The CFP Board has named Dawn Harris as its director of diversity and inclusion for the Centre ...
Praemium expands distribution footprint
KARREN VERGARA  |  TUESDAY, 6 APR 2021
Praemium has appointed two to its distribution team as it continues to build momentum on the back of acquiring Powerwrap. Shane Muscat was appointed head of strategic sales in March, while Dale Wright joins as senior business development manager. Muscat ...
Instos seek unique alternatives
KARREN VERGARA  |  TUESDAY, 6 APR 2021
Australian institutional investors are actively increasing their allocations to alternatives, particularly those that deliver idiosyncratic values and opportunities. According to the inaugural Nuveen and CoreData survey, more than half (55%) of asset ...
MetLife expands virtual health service
KARREN VERGARA  |  THURSDAY, 1 APR 2021
MetLife Australia has partnered with a healthcare provider to expand its virtual services for financial advisers. Teladoc Health will provide holistic health management via MetLife's 360Health program. Virtual services will include mental health assistance ...
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