Week at a glance, 28 May

Suncorp to drop brands in simplification move

In an effort to simplify the business, Suncorp has announced an new operating model which will see the company build connections between its divisions as well as drop a few brands.

Read more

Stockspot warns ASIC of 'rogue' robo-advisers

Robo-adviser Stockspot is calling on ASIC to apply the same rules to both face-to-face and automated advice, saying it has come across several "rogue" providers in the industry.

Read more

FOFA politician joins Map My Plan board

Fintech company Map My Plan has announced that former Labor federal politician Bernie Ripoll has joined its board as a director.

Read more

AdviceIQ picks up former Westpac firm

A financial advice business formerly licensed by Westpac has become the 7th firm to join non-aligned dealer group AdviceIQ Partners.

Read more 

Court rejects former AMP adviser plea

The Federal Court has dismissed an application filed by a former AMP-aligned financial planner, who sought orders to restrain ASIC from banning him.

Read more

ANZ to release Grow Wrap platform service

ANZ will launch its new Grow Wrap solution next Monday, aimed at catering to changing needs of its advisers and their clients.

Read more

CommInsure appoints firms for independent reviews

CommInsure has appointed two independent experts to assess ethical concerns and whether the insurer appropriately declined past life insurance claims.

Read more

@IFA_AU Shouldn't the client be deciding who is and isn't "independent"? Other banks are doing a better job at this.

— Plenary Wealth (@Plenary_Wealth) May 24, 2016

DomaCom creates new purchase strategy for Kidman

Crowdfunder DomaCom has teamed up with a business brokerage with more than 30 years' experience in a renewed effort to acquire iconic Kidman Station.

Read more

Elders names new state practice manager

Elders Financial Planning has appointed a new state practice manager to represent Victoria, Tasmania and the Riverina region.

Read more