New chair of DPSL board announced
Direct Portfolio Services (DPSL) has appointed a new chair for the combined Pentafin and DPSL board. Philippa Smith AM will replace the former chair, Gail Burke, who will remain as a board member.
Pentafin chief executive Connie Mckeage said: “Philippa’s leadership roles, including five years as the Commonwealth Ombudsman, have allowed her to develop strong strategic skills and a passion for superannuation and its impact on the industry.”
Smith was the chief executive officer of the Association of Superannuation Funds of Australia (AFSA) for nine years and is the director of the First State Super Trustee Board. She was awarded the Centenary Award and the Order of Australia in 2003.
“Pentafin’s strategic focus on delivering a comprehensive client administration capability will enable fund managers, platforms and super funds to deliver the highest standards of service to their investors and members across a broad array of investments,” Smith said.
Recommended for you
The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.
A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.
Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.
ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.

