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Super funds to benefit in QAR response

Superannuation/Association-of-Superannuation-Funds-of-Australia/quality-of-advice-review/

Superannuation funds are expected to be the big winners in this year’s Quality of Advice Review as Association of Superannuation Funds Australia deputy chief executive, Glen McCrea, welcomes the formal response.

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Industry panel hopeful of role for banks to close advice gap post-QAR

banking/Superannuation/quality-of-advice-review/CFS/HUB24/abrdn/

A panel of industry experts believe there is a role for banks to play in providing advice but are expectant of the Quality of Advice review‘s recommendations focusing on superannuation funds.

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What does EOFY have in store for advisers?

end-of-financial-year/EOFY/financial-advice/social-security/superannuation-funds/

With the end of financial year around the corner, maximising concessional super contributions and 2024 tax planning will be on advisers’ minds.

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Count taps private equity specialist for board

Count-Financial/private-equity/M&A/wealth-management/

Count has appointed a private equity specialist to its board as a non-executive director, indicating further acquisitions could be on the horizon.

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Over 170 advisers have faced disciplinary action since 2015

ASIC/Wealth-Data/ASIC-bans/

New analysis from Wealth Data has revealed that some 175 advisers have been affected by disciplinary actions over the last nine years.

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Insignia investors allege they were misled over insider trading claims

insignia-financial/IOOF/class-action/court/

The first week of the Insignia Financial class action case has seen allegations of misconduct, insider trading, front running and failures to manage conflicts of interest.

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Staff numbers down and profitability up at advice firms

technology/Business-Health/profitability/

With advice practices recording a slight uplift in profitability after years of decline, Business Health has outlined five key trends contributing to the change.

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Federal Court winds up unregistered MIS and disqualifies director

ASIC/managed-investment-scheme/

An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up by the Federal Court.

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AMP sells SuperConcepts business

SuperConcepts/SMSF/amp/

AMP is selling its SuperConcepts self-managed superannuation fund admin and software business with 500 employees to transfer out of AMP.

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Intelliflo’s Eatock on bringing UK technology to the Aussie market

intelliflo/Nick-Eatock/Software/

Intelliflo chief executive, Nick Eatock, has discussed the firm’s official launch into the Australian market and why his experience in the UK means he is hopeful adviser numbers will bounce back.

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