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News in Brief

  • ASIC Seeks Peer Review Panel Members
  • Infocus to Expand H&R Block Referral Program
  • ClearView Signs Xplan for Scaled Advice

ASIC Seeks Peer Review Panel Members

ASIC is seeking expressions of interest from individuals within the financial services sector to join its new peer review panel which may recommend the banning of advisers.

The Financial Services and Credit Panel was first proposed by ASIC in April this year (see: ASIC Proposes Peer Review Panel For Banning Advisers) and will assist ASIC in making banning decisions for misconduct in the provision of financial services to retail investors.

ASIC said it was seeking industry participants with practical expertise and experience in retail financial services, an exposure to a variety of business models, and an understanding of applicable regulatory regimes.

Applications need to be made by email to ASIC and close at on 31 August 2017.

 

Infocus to Expand H&R Block Referral Program

Infocus CEO & MD, Rod Bristow

Infocus CEO & MD, Rod Bristow

Infocus will expand its referral program with H&R Block to a national basis after picking more than 1000 potential new clients during a four-month pilot program.

Infocus Managing Director and Chief Executive, Rod Bristow said nearly 20,000 H&R Block clients were contacted during the pilot program with more than 530 client referrals through to Infocus Group financial advisers picked up in the last month of the program.

Bristow said around twice that number were going through the advice process and active in Infocus’ CRM system and were drawn from only the south-east Queensland region of H&R Block’s clients.

“We are really looking forward to the uplift in client referrals that will come from operating the program nationally from mid-August”, Bristow said, adding that Infocus looking to recruit more advisers to meet the demand.

 

ClearView Signs Xplan for Scaled Advice

ClearView will expand its use of IRESS advice software after it signed a deal to implement XPLAN Prime for scalable advice.

The deal expands the the number of IRESS products in use across the ClearView business which uses the comprehensive advice and backoffice tool and XPLAN and superannuation platform Acurity.

Todd Kardash, Chief Executive of ClearView owned Matrix Planning Solutions said advisers were increasing reliant on technology and the addition of Prime would improve the advice experience provided through ClearView.