New head of platform strategy appointed at BT

westpac/BT/platforms/

| By Rhea Nath |

As Westpac retains the BT platform business, a senior member of staff has returned to the firm after departing last year to lead its platform strategy.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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FSCP hands down first ‘written reprimand’ around advice scoping

FSCP/ASIC/financial-advice/code-of-ethics/

| By Rhea Nath |

Financial planning

Tackling issues around inappropriate scoping of advice, the Financial Services and Credit Panel has announced its first ‘written reprimand’.

AUTHOR

Rhea Nath

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Advisers to expect increased workload as YFYS test gets expanded

taxation/performance-test/financial-advice/YFYS/APRA/

| By Laura Dew |

Financial planning

The FAAA has warned advisers to be alert if their clients are in an underperforming super fund as this month’s APRA performance test is increased to certain trustee-directed Choice products.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Melissa Caddick’s victims receive first payout

Ponzi-scheme/Melissa-Caddick/financial-advice/

| By Laura Dew |

Financial planning

The victims of an alleged Ponzi scheme run by Sydney conwoman, Melissa Caddick, have received their first payout with further payouts expected.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Which super fund has fallen foul of ASIC’s greenwashing crackdown?

ASIC/greenwashing/Active-Super/court/

| By Laura Dew |

Superannuation

The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing with the superannuation fund holding investments in Russia when it had listed it as an excluded country.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Experienced advisers stand firm as younger peers fold

Wealth-Data/adviser-numbers/Colin-Williams/experience-pathway/

| By Laura Dew |

Financial planning

Almost half of the advisers who have departed this year have been in the industry for less than 10 years while older advisers are pinning their hopes on the experience pathway.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AMP CEO expectant of BOLR class action update this month

amp/amp-financial-planning/Alexis-George/

| By Laura Dew |

Financial planning

AMP CEO, Alexis George, expects to have an update on the BOLR class action this month but has not ruled out appealing the case, having set aside a “best estimate” of $50 million in provisions.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lonsec completes CIO search

lonsec/CIO/director/fidelity/

| By Rhea Nath |

People & Products

Following the departure of Lukasz de Pourbaix in April, Lonsec has appointed a new chief investment officer and executive director.

AUTHOR

Rhea Nath

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AMP reports 1H23 losses for advice division

amp/amp-financial-planning/financial-advice/North/

| By Laura Dew |

Financial planning

AMP has reported half-year results for its advice division as it updates on the next action in the BOLR class action case.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Count Financial class action trial pushed to Q1 2024

Count-Financial/CBA/commonwealth-bank/Countplus/

| By Rhea Nath |

Financial planning

Earmarking some $520 million in an indemnity deed to former subsidiary Count Financial, CBA’s full-year results reveal a trial date has been fixed for March 2024.

AUTHOR

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New head of platform strategy appointed at BT

AUTHOR

Rhea Nath

Rhea 's social profiles:

FSCP hands down first ‘written reprimand’ around advice scoping

AUTHOR

Rhea Nath

Rhea 's social profiles:

Advisers to expect increased workload as YFYS test gets expanded

AUTHOR

Laura Dew

Laura 's social profiles:

Melissa Caddick’s victims receive first payout

AUTHOR

Laura Dew

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Which super fund has fallen foul of ASIC’s greenwashing crackdown?

AUTHOR

Laura Dew

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Experienced advisers stand firm as younger peers fold

AUTHOR

Laura Dew

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AMP CEO expectant of BOLR class action update this month

AUTHOR

Laura Dew

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Lonsec completes CIO search

AUTHOR

Rhea Nath

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AMP reports 1H23 losses for advice division

AUTHOR

Laura Dew

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Count Financial class action trial pushed to Q1 2024

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Rhea Nath

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