News in Brief

  • Van Eyk Research in Voluntary Administration;
  • AdviceInnovation Signs Up New Member;
  • ANZIIF Targets Next Generation of Insurance Professionals

Van Eyk Research in Voluntary Administration

Van Eyk Research has announced that it has entered voluntary administration, following a raft of resignations from the firm.

The researcher announced that Trent Hancock of Moore Stephens Sydney Corporate Recovery Group has been appointed as voluntary administrator. It also confirmed that three members of its asset consulting team had departed earlier this month.

CEO of van Eyk Research, Mark Thomas, said the voluntary administration process will enable the Administrator to quarantine and preserve van Eyk’s core investment research, asset consulting and financial advisory businesses and independently evaluate capital restructuring options.

“It is regrettable that we have had to initiate this course of action but it is necessary under our current corporate structure. We will work actively and constructively with the Administrator and all our stakeholders to facilitate a more sustainable corporate platform to ensure certainty and growth for our core businesses.

“We remain absolutely committed to providing our client’s with a seamless quality research and consulting service and it will remain business as usual for van Eyk in delivering on this commitment while the process is underway.”

AdviceInnovation Signs Up New Member

Client education and communication solution, innergi, has joined the AdviceInnovation group.

Innergi has developed an online Financial Knowledge Centre which allows financial advisers to offer their clients access to branded educational content 24/7. Innergi’s Managing Director, Robert Skinner, described the Financial Knowledge Centre as robust, professional and fun, offering advice practices and clients access to over 800 pages of educational content.

“It is more important than ever for advisers to be in regular contact with their clients and they should be able to do it cost effectively and ensure it looks great. Innergi’s online solutions expand the adviser’s reach in and out of office hours, making client communication and education more effective and more valuable,” Mr Skinner said.

AdviceInnovation was launched earlier this year, with the aim of bringing together the advice industry’s most innovative products and services in one central hub (see: Advice Innovators Band Together).

AdviceInnovation Director, Michael Topper, said: “There are many financial advice businesses already using innergi, and to date it has been growing from word of mouth referrals which is great. But, we know there are financial advisers out there looking for a solution like this, who just don’t know that it exists.”

ANZIIF Targets Next Generation of Insurance Professionals

Young insurance professionals are invited to attend a series of events aimed to foster the next generation of insurance leaders.

Hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), the Generation i Leaders of the Pack workshop series provides insurance staff under the age of 35 the opportunity to meet with key industry figures.

“These Gen i events are an outstanding initiative which provides aspiring young professionals an excellent forum to not only meet with like-minded individuals, but also to interact and learn from senior insurance figures about their success and how to avoid potential pitfalls in order to have a successful, fulfilling and rewarding career,” said David McKinnie, CEO of Insight Australia Group and one of the 60 industry leaders who will participate in the events.

Catherine Pettitt, Chair of the ANZIIF Gen i Council, added: “These events are based on small group conversations where discussion is open, frank and relaxed. Each leader will meet with around nine under-35s to talk about career progression, skill building, how to overcome challenges, how to lead and anything else that might be on the minds of the attendees. This is about helping the next generation of insurance leaders to learn, develop confidence and gain valuable advice on how to move forward in their insurance careers.”

The events will run nationally from 2-24 October. Click here for more information.