Don Trapnell News Today

Tributes are flowing for the life insurance industry stalwart following his passing over the weekend.

Former Synchron chair Michael Harrison has died at age 78 after a long illness.

After being pushed back a couple of months due to the Covid-19 pandemic, the SMSF Association hosted its marque event in Adelaide.

Consumer groups are pressuring the advice review and government to end any remaining forms of commissions in the industry. Leaders in risk advice argue it could decimate the industry and take away choice from consumers.

Synchron chair, Michael Harrison, is to retire as the firm acquires WT Financial Group with the firm thanking him for his contribution to financial services.

Stephen Jones’ turn on commissions has been welcomed by the industry and he has been universally praised for his engagement. However, instability and inconsistency are the opposite of what both parties are promising and there are calls for both ministers to be more deliberate in their actions.

WT Financial Group’s acquisition of Synchron will improve efficiencies for advisers, according to chief executive Keith Cullen, as it creates the third-largest financial planning group in the country by adviser numbers.

WT Financial will become the new wealth giant, with funds under advice in excess of $16 billion, following its acquisition of Synchron. Wealth manager WT Financial Group (WTL) announced on Tuesday t

WT Financial Group is confident of future demand in the risk advice industry, backing Synchron’s future with a deal that could be worth up to $13 million, dependent on Synchron retaining advisers and revenue.

Combined business will have more than 600 advisers and A$16bn in funds under advice