Sunsuper has recruited the Association of Financial Advisers (AFA) Chief Commercial Officer Anne Fuchs to the role of National Manager for Retail Distribution and Advice.
Fuchs joined the AFA six months ago after having run her own Brisbane based business, Pinnacle Practice, which provided specialist consulting to financial planning licensee and businesses.
At the AFA Fuchs was responsible for income generation and servicing AFA's commercial stakeholders including members, licensees and corporate partners and had previously consulted to the AFA on their strategic partnerships for four and a half years.
AFA chief executive Brad Fox said the association was disappointed in her departure but the Sunsuper role was "an outstanding opportunity, based in Anne's home city of Brisbane and we wish her all the very best".
Fuchs stated that she will remain supportive of the work of the AFA and the Your Best Interests initiative, which Fuchs helped to developed, "has the power to transform consumer confidence in advice".
While the Financial Advice Association Australia said it supports a performance testing regime “in principle”, it holds reservations about expanding this scope to retirement products.
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
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