AMP will sell its advice licensees and support services business to Entireti and AZ NGA and offload its minority stakes in 16 individual practices. It comes as the advice business reports a net loss of $15 million.
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial chief executive Scott Hartley has overhauled the business' operating model and executive lineup.
UniSuper is working to resolve an ongoing system outage impacting the entire business, assuring disgruntled members it is not the result of a data breach.
The final report from the government’s Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy.
The data release from the Workplace Gender Equality Agency shows most superannuation funds and fund managers still have a lot of work to do to close their respective gender pay gaps.