Cyber risk costing billions per year – but Australian organisations remain underprepared

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With the cost of cybercrime in Australia now estimated at $4.5 billion annually, at an average cost per data breach of $2.16 million, it’s well overdue for business and other organisations to address their exposure to cyber risk, according to Jennifer Richards, Managing Director at Aon Financial Specialties. However, many seem slow to understand the... Read more continue reading

Rapid technological change poses changes for financial platforms

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Technological innovation is underpinning a revolution in how financial services are delivered in Australia, says Professor Deborah Ralston, Executive Director of the Australian Centre for Financial Studies (ACFS). “Today this technology enables wealth managers to deliver financial advice to three million people annually, to oversee the administration of 20 million superannuation member accounts and to... Read more continue reading

Certitude Global appoints Link as service registry provider

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Certitude Global Investments (Certitude) has awarded Link Market Services (Link), a leading share registry and financial services provider in Australia and New Zealand, the contract to provide managed fund registry services to Certitude’s broad retail investor base, as well as supporting their financial advisers. Link will provide Certitude with registry services for its managed funds including online... Read more continue reading

OneVue provides opportunity to industry funds

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OneVue has opened the lines of communication between it and industry funds following comments that OneVue’s customised wealth management interface could create a competitive advantage in the prevention of members leaving to establish self managed super funds (SMSFs). OneVue chief executive Connie Mckeage said with the SMSF industry worth more than $530 billion in Australia... Read more continue reading

Zenith responds to adviser needs with new website

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Zenith Investment Partners (Zenith) has announced the release of its new look website that has been designed to help advisers accurately assess whether Zenith is the most suitable external research support for their business. The new website has been significantly redeveloped to enhance Zenith’s information offering to advisers and one of the new features is... Read more continue reading

Faster net speed boosts efficiency of financial service businesses

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Australians are accessing the internet at higher speeds, helping to improve the efficiency of online financial services businesses, according to FinaMetrica, an  Australian business that has won a high profile international award for its online solution which assesses the risk tolerance of investors. Data released this week from the Australian Bureau of Statistics (ABS) reveal there... Read more continue reading

Surge in Australian investor assets to drive asset servicing technology investment

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DST further invests in automating fund accounting and tax processing capabilities for asset-backed and mortgage-backed securities in HiPortfolio® DST Global Solutions, a market-leading provider of DST Global Solutions for the investment management industry, says the latest data on total assets under custody for Australian investors highlight the need for asset managers and asset servicers to have... Read more continue reading

Key findings of the 2013 Investment Trends Planning and Advice Applications Report

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XPLAN is the top rated Australian planning application for 2013 and AdviserNETgain is the top rated Hybrid planning/platform application. FOFA development has been completed and software vendors are now focusing on scaled advice and planner and consumer engagement. IFAs, institutions and superannuation funds are using technology to deliver a range of scaled advice services. Provisio... Read more continue reading

BT Financial Group releases tablets to bank planners

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BT Financial Group has started one of the largest releases of tablets to bank financial planners – to deliver advice to clients anywhere and anytime. The release marks a revolution in the way advice is experienced and delivered. “We are committed to helping more Australians get advice and technology has an important role to play... Read more continue reading

Young advisers get on board the AstuteWheel

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While many young advisers are now degree-qualified, they are seeking more support in the use of soft skills to develop relationships with clients, according to Hans Egger, co-creator of the AstuteWheel. “There is a knowledge gap surrounding soft skills in young advisers as they complete their Paraplanning apprenticeship and seek to gain client-facing experience. These... Read more continue reading