Pearce replaced in shadow cabinet reshuffle
The new Shadow Minister for Consumer Affairs, Financial Services, Superannuation and Corporate Law is Luke Hartsuyker, who has replaced Chris Pearce.
Pearce has made way for Hartsuyker, having previously announced that he would not contest the next election.
“I wish Chris and his family all the very best for the future,” said opposition leader Tony Abbott. “He will be fondly remembered as the ‘hero of Aston’ for his Aston by-election win in 2001.”
Joe Hockey will remain the Shadow Treasurer.
“As we enter the election year, the work of Joe and the Opposition Shadow Treasury team will be critical to protecting the interests of all Australian taxpayers,” said Abbott.
Former director of the Australian Taxation Office, Sussan Ley, has taken on the role of Shadow Assistant Treasurer; while National Party Senator Barnaby Joyce will serve as the Shadow Minister for Finance and Debt Reduction, replacing Senator Helen Coonan.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
