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".
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Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.