Get to the point: Clear advice will win out
Whether an SOA will be required to be 100-plus pages, 10 pages or even non-existent, AFCA remains focused on how the advice was given. Quality of Advice Review lead Michelle Levy recommended scrapping...
View Article‘Less serious’ misconduct will draw FSCP hearing
Less serious misconduct issues may still see advisers face the Financial Services and Credit Panel, according to the regulator. ASIC senior leader for financial advisers Leah Sciacca reminded advisers...
View ArticleHostplus surges to $100 billion in FUM
Hostplus has passed $100 billion in funds under management, which has been driven by mergers and strong member growth in its personal division. The achievement is even more remarkable under the current...
View ArticleMirova & Robeco lead initiative to develop global database of avoided...
Asset management company Mirova, international asset manager Robeco, and a group of 11 financial players have launched a call for expressions of interest to develop a global database of avoided...
View ArticleCbus Super and EISS Super complete merger
Cbus Super has merged with EISS Super on Monday, following extensive due diligence and planning, welcoming 17,000 new members. It is the second merger Cbus has completed in the past 13 months,...
View ArticleAZ NGA claims stake in HNW advice practice
AZ NGA has entered into a strategic partnership with High Net Worth advisory firm Rose Partners. In a media release on Tuesday morning, the advice firm said the partnership will allow it to accelerate...
View ArticleBlackRock appoints client business head
BlackRock Australia has appointed Jonathan Jenkins as head of client business in Victoria, Tasmania, South Australia, and Western Australia. He will lead the delivery of BlackRock’s platform and...
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Inflows surge into fixed income ETFs, latest data shows
Australian investors are continuing to turn to ETFs to access fixed income, the third most desired asset class in the sector, according to the latest ASX data. In the year to April, fixed income ETFs...
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Outlook for bonds positive amid potential recession
*This article is produced in partnership with PIMCO Bond markets suffered one of their worst years in decades in 2022 as central banks, including the Fed and RBA, hiked rates aggressively in their...
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The opportunity in private markets
Once considered a tricky asset class for wholesale and retail investors to access, a growing number of private debt funds are now available in the Australian market, offering lower investment minimums...
View ArticleAdvisers prioritise efficiency and reliability – but are advicetech vendors...
Artificial intelligence and the Quality of Advice Review are among the key themes Investment Trends seeks insight on with the researcher preparing to launch the 2023 iteration of its Adviser Technology...
View Article‘It’s a part of our journey’: Advisers reflect on the meaning of retirement
Advisers spend their days planning the retirements of clients, but to them, it means something unique. Shadforth Financial Group private wealth adviser Shayne Sommer says shifts in working patterns due...
View ArticleMLC Life Insurance appoints general manager
MLC Life Insurance has appointed Craig Dainton as general manager of customer and adviser operations. Dainton has extensive experience in financial services, having worked for HBA, National Mutual,...
View ArticleGSFM & AEP launch film and television fund
GSFM has partnered with Australian Entertainment Partners to launch the AEP Screen Fund, which will invest in film and television projects made in Australia. The fund will last for five years and then...
View ArticleInvest Blue and Lumiant pair up for $2m digital platform partnership
Financial advice firm Invest Blue has partnered with software company Lumiant to build a cloud-based digital advice platform that aims to boost client engagement, satisfaction, and well-being. Invest...
View ArticleWho says we need more advisers anyway?
You don’t need to be a genius to guess what the media’s reaction will be when the regulator takes action for poor advice, or worse, for the first time against an adviser who has been allowed to remain...
View ArticleAustralianSuper to pay back $70m for excessive charges
After reviewing its processes for managing multiple accounts, the country’s largest super fund will refund $70 million to members for excess fees charged. Around 100,000 current and former members will...
View ArticleASIC sues HCF Life for pre-existing condition contracts
ASIC has commenced civil proceedings in the Federal Court alleging three types of insurance policies issued by HCF Life Insurance Company contain unfair contract terms and could mislead the public. The...
View ArticleMorningstar managing director to depart
Morningstar Australia and New Zealand managing director Jamie Wickham will leave Morningstar at the end of this month. Wickham joined Morningstar in 2006 as part of the acquisition of equity research...
View ArticleBudget done; Jones’ QAR response due within weeks
With the Federal Budget delivered, the Government’s response the Quality of Advice Review is anticipated to be released towards the end of May or early June. At the Professional Planner Roadshow in...
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