‘Worst of the worst’: SMSF misconduct concerns weigh on advisers

ASIC/SMSF/phil-anderson/

| By Rhea Nath |

Inappropriate advice relating to SMSFs has been identified as a pain point for the advice industry, with professionals claiming these vehicles can draw out “the worst of the worst” in financial services.

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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Government names financial advisers as core skill

financial-advice/recruitment/new-entrants/

| By Rhea Nath |

Financial planning

Financial investment advisers have been singled out as a core skill in demand in Australia, with the government aiming to attract more skilled migrants to the sector.

AUTHOR

Rhea Nath

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Magellan reaches highest FUM in 15 months

Magellan/funds-under-management/fund-launch/Sophia-Rahmani/

| By Laura Dew |

Funds management

Magellan has seen its funds under management surpass $39 billion to the highest volume since August 2023, helped by three fund launches in association with Vinva Investment Management.

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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Super funds, insurers welcome ‘significant step’ to expand advice arena

legislation/Stephen-Jones/quality-of-advice-review/ASFA/MLC-Life-Insurance/

| By Rhea Nath |

Superannuation

The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.

AUTHOR

Rhea Nath

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Winners unveiled for ifa Excellence Awards 2024

IFA/financial-advice/financial-planners/awards/

| By Staff |

Financial planning

Money Management’s sister title ifa has announced 36 winners for the 11th annual ifa Excellence Awards 2024 at a ceremony in Sydney.

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Relative Return Unplugged: Guillotine cuts RBA in 2

Podcast/Relative-Return/

| By Keith Ford |

Editorial

In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford break down some of

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Keith Ford

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‘Positive direction’: Industry cautiously optimistic on DBFO Tranche 2 reforms

financial-adviser/treasury/quality-of-advice-review/

| By Rhea Nath |

Financial planning

The advice industry has broadly welcomed the legislative groundwork surrounding the latest set of financial advice reforms, although they note “the devil’s in the details”.

AUTHOR

Rhea Nath

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Centrepoint taps into $1.1tn platform market with IconiQ launch

Centrepoint/centrepoint-alliance/

| By Laura Dew |

Financial planning

Centrepoint Alliance has formally launched its investment and superannuation platform IconiQ, in association with technology firm FNZ, as it looks to tap into the $1.1 trillion platform market.

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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ASIC identifies poor reportable situations compliance by AFSLs

ASIC/enforcement/compliance/AFSL/

| By Laura Dew |

Financial planning

ASIC has warned licensees are demonstrating an “acceptance for internal non-compliance” when it comes to the reportable situations regime as a review finds a licensee took 12 years to commence an investigation into a breach.

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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Qld advice firm rolls out estate planning solution

estate-planning/financial-advice/queensland/

| By Laura Dew |

Financial planning

Queensland financial advice firm MiQ Private Wealth has become the latest practice to utilise Yodal’s software for a digital estate planning solution as it expands its client offering.

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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