Levy doubts super funds’ capacity to provide retirement advice

Michelle-Levy/quality-of-advice-review/super-funds/super-advice/

Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members and feels this is the wrong starting point.

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Expect powerful AI-driven advice offerings in next 5 years

artificial-intelligence/financial-advice/siaa/Deloitte/praemium/Natixis-Investment-Managers/

Industry experts have shared a snapshot of what an AI-enabled advice industry could look like in the coming years when it comes to productivity, investments and the platform experience.

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Rival bidders line up for Pacific Current

GQG-Partners/Pacific-Current-Group/regal-funds-management/

Two bids have been made for asset manager Pacific Current, one from GQG Partners and one from alternative investment manager Regal Partners.

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Insignia develops partnership ownership model for advisers

insignia-financial/advice/licensees/Shadforth/bridges-financial-services/renato-mota/

Insignia is to launch a partnership ownership model for self-employed licensees within months, known as Advice Services Co, as it seeks to become Australia’s largest adviser-owned licensee group.

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Troubled Mayfair 101 to return within months

james-mawhinney/mayfair-101/ASIC/Alternatives/

Troubled financial services firm Mayfair 101 has announced it plans to relaunch within months, less than a year after the 20-year advertising and fundraising ban on James Mawhinney was lifted.

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CPI slows in June quarter

inflation/ABS/cpi/

CPI inflation has slowed in the June 2023 quarter with the ABS reporting the lowest quarterly rise since September 2021.

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Former fund management CEO joins Magellan

Magellan/Janus-Henderson/boards/

Magellan has made a high-profile board hire with the appointment of the former co-CEO of a $460 billion ASX-listed fund manager.

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Bond ETF inflows surge to $2.5bn in 1H23

ETFs/fixed-income/bonds/BetaShares/vanguard/

Fixed income ETFs have attracted the most cashflow of any asset class in the first half of 2023, following the asset class’s worst performance in decades last year, according to research.

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Advice Intelligence acquired by global fintech

GBST/advice-intelligence/acquisition/digital-advice/

Advice Intelligence, which went into voluntary administration in May, has been acquired by a global wealth management fintech firm.

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