BDFO, FAR, HBR grads (men vs women), CREW, I'm sure there are more acronyms I could add in here... oh and Trump narrowly missing being assassinated. 
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SSFPP

 

Hi There

 

What a week with the shocking news of the attempted assassination of Donald Trump on Saturday. So sad to learn about the loss of former fire chief Corey Comperatore, 50, and the injuries sustained by two others - challenging times. Fingers crossed the incident doesn't encourage further attempts on Trump or Biden, the US is unstable enough as it is!

 

Back in Straya, FAR and BDFO are the main news this week, with final legs & regs being released. See below for the latest news and events plus an interesting article in HBR comparing the career paths of women vs men post their Harvard Business School MBA.

 

Cheers

Sarah

Mayflower CEO

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NEWS & VIEWS 

 

Industry responds to DBFO passage following controversy over s99FA - Super Review. SP - no-one is completely happy of course, but it's a good start!

 

DBFO bill passes, tranche 2 unlikely soon - Independent Financial Adviser

 

Greens’ criticism of DBFO bill offers little support for advisers - Professional Planner. SP again - sometimes I think the Greens live in la-la land...

 

ATO flags important super changes for FY25 - Accountants Daily

 

Home ownership and super of highest concern for clients - Independent Financial Adviser

 

ASIC and APRA issue final rules and information for the Financial Accountability Regime - ASIC

 

ASIC, APRA provide FAR update - Financial Standard

 

ATO releases update to pension ruling which may lead to increased costs - SMSF Adviser

 

Industry demographics create a super fund challenge for the ages - Professional Planner

 

APRA tightens regulations on Fiducian over data accuracy concerns - Super Review

NOT SO FAR AWAY 

 

Last week, APRA and ASIC released the final rules and information for the Financial Accountability Regime, including updated key functions and descriptions for the insurance industry and RSEs. Other resources included instructions for reporting forms and templates for accountability statements, which should hopefully aid entities meet their obligations. All insurance and RSE entities subject to FAR should review the latest information. A consolidated page for these industries has been set up here.

 

Difficult communications are a Mayflower speciality. Reach out to us to learn more about how we can deliver high quality record keeping for accountable individuals and entities.

UPCOMING EVENTS 

 
THIS EVENT IS NOW WAITLISTED:
CREW - Melbourne in-person event. Board Communication and Reporting. Thursday, 25 July 2024, 4-6:30pm at the offices of KHQ Lawyers. Women only - sorry blokes, Our panellists include Penni James (Founder of CREW and Independent Compliance Committee Member), Claire Keating (Non Executive Director at Australian Super), Fiona Rowland FAICD (Non-Executive Director and Chair) and Jenny Taing OAM (Principal Solicitor KHQ Lawyers and Board Director). Register here for the waitlist.
 
ASFA Spotlight on Retirement - Wednesday, 31 July 2024 9:00am - 6:00pm. Mayfair Ballroom, Grand Hyatt Melbourne. Book here.
 
FEAL National Conference - Navigating the Future. Thursday, 1 August 2024 at the Park Hyatt, Melbourne. Register here. If you only get to one conference in a year, this is the one. The quality of speakers and discussion is top notch.
 
CREW - Sydney in-person event. Board Communication and Reporting. Wednesday, 7 August 2024, 4-6:30pm at the offices of KPMG. Women only - sorry blokes. Our panellists include Dr Lisa Butler Beatty GAICD (Partner at KPMG), Penni James (Founder of CREW and Independent Compliance Committee Member) and Melanie Willis (Chair and Non Executive Director). Register here.
   
ASFA NSW Legislation Discussion Group Webinar - Victoria Hugh will be presenting on product governance. Monday, 12 August 2024 at 1-2pm. Register here.
 
Mayflower PDS Roundtable Online Discussion Group - Thursday, 22 August 2024, 12:30-2pm. Topic: Web Disclosure. Hosted by Katie Sparkes, Mayflower Senior Account Manager. Email Katie if you'd like to come along.
 
2024 ASFA Investment Summit - 3-5 September 2024. Rydges Hotel, Newcastle. Register here. 
 
ASFA Conference - 19-21 November 2024. ICC Sydney. Register here.

RETHINK WHAT YOU "KNOW" ABOUT HIGH ACHIEVING WOMEN

SWORLD ECONOMIC FORUM SWISS-IMAGE.CHPHOTO BY JOLANDA FLUBACHER -1

A survey conducted on Harvard Business School graduates provides valuable insights into the post-graduation journeys of both women and men. On the occasion of the 50th anniversary of women being admitted to the MBA program, the authors, set out to learn what HBS graduates had to say about work and family and how their real experiences compared to ideas like 'women take time out for child raising'.

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