HUB24 and Aberdeen Standard Investments (ASI) have partnered to launch ‘bionic’ advice tools in response to the adviser demand to service a wider range of clients more effectively. According to HUB24, around 41 per cent of Australians intend to get…
People: MyState CEO to step down
MyState chief executive Melos Sulicich has announced his resignation and will be leaving in July 2020. Sulicich has been in the position since 2014 and has overseen growth in the business, doubling the banking loan book to over $5 billion…
Special resolutions on the rise at AGMs
An increasing number of investors are using the annual general meetings of ASX-listed companies to have their say about climate change and other issues, according to new research. Macquarie Securities reveals that there has been an increase in the number…
Stricter criteria for AFS and credit licences
The Australian Securities and Investment Commission is calling on applicants for financial services and credit licenses to go through a checklist of minimum standards prior to applying, to avoid refusal. ASIC has released an overview of impacts on licensing and…
People: Suncorp’s new CEO keeps the changes coming
Suncorp has appointed UBank chief executive Lee Hatton as chief executive of its banking and wealth division. Hatton had been in the position at UBank since 2015 and prior to that held senior roles at BNZ, National Australia Bank and…
APRA names and shames underperforming super funds
The Australian Prudential Regulation Authority (APRA) will be looking for significant change from poorly performing superannuation funds, following the release of its MySuper heatmap. APRA’s heatmap of over a hundred MySuper products has outlined the worst performing funds but not…
People: UBS global trading head moves to BTIG
Investment bank BTIG Australia has appointed Andrew Dalgleish as chief executive officer. He joins from UBS where he has been for the last 13 years in a variety of senior roles. Dalgleish was most recently global head of portfolio trading…
ETF investors getting active
Investor preference is changing towards active exchange traded funds (ETFs) according to a new study. The latest Betashares/Investment Trends ETF Report found that 32 per cent of investors intend on investing in active ETFs in the next 12 months, up…
Register to avert elder financial abuse
Federal and state governments have established power of attorney reforms as a further step to prevent financial elder abuse. The Council of Attorneys General has agreed to implement a mandatory national online register of enduring power of attorney documents and…
People: HUB24 puts a lawyer on the board
HUB24 has appointed Ruth Stringer as a non-executive director and a member of its audit, risk and compliance committee. Stringer is currently a consultant at Herbert Smith Freehills and prior to that was a senior analyst and specialist in superannuation…