Opinion

Super funds and illiquid assets: Time of reckoning has arrived

Everyone in the research and investment community knew funds would need to navigate issues relating to their large exposure to illiquid assets at some point, Dominic McCormick writes.
Regulation

Mayfair didn’t play fair: ASIC

The regulator sought an interim injunction against the controversial investment firm after it suspended client redemptions due to liquidity issues.
Regulation

Transfer balance cap reprieve flagged amidst market falls

Advisers are calling for a review of the $1.6m TBC in light of the recent market downturn, pointing to other recent concessional measures including cuts to deeming rates and minimum pension withdrawals.
Retirement Conference 2020

Crisis exposes industry fund ‘cohort’ risk

The coronavirus crisis has highlighted membership cohorts within industry funds as a problem for Australia’s $3 trillion superannuation industry, with funds that have singular industry membership most at risk.
Top Comments

“Commission based sales practices undermine the credibility of an industry that needs significant reform. To argue against such basic reform is an argument against open transparent and trustworthy behaviour and places the interest of industry participants ahead of clients.”

Chris Harris

Exelsuper in Adelaide, SA

Brokers worried best interests duty will drive low-quality loans

13 March 2020

“I can't believe that the solution is a “very small percentage of the fees charged by funds managers". We just spent years getting rid of product-based commissions and now you want to reintroduce them?”

Chris Craggs

Argurion in Perth, WA

Statutory fund for advice within reach: Longstaff

6 March 2020

“Taking away people’s ability to choose how they pay for the service they want and adding prescriptive rules that don't allow for clients’ health issues, travel plans etc isn't going to benefit the client. It is just adding extra administration.”

Leanne Bull

Bull Financial in Bundaberg, QLD

Time to rethink the ongoing fee model

5 March 2020

Industry
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Industry

Lloyd unveils stimulus package for MLC advisers

Practices within MLC's adviser network will be given full and partial amnesty from licensee fees for the next 6 months as part of a crisis stimulus package the company's CEO unveiled on Tuesday.
Industry

Hume balks at regulation moratorium

The minister wouldn't be put on the spot regarding any delay on regulatory changes for the advice industry, but did say she was working with regulators and industry to ease the compliance burden for advisers.
Industry

‘It’s more personal’: Why this crisis isn’t like the GFC

Advisers are beginning to open up about their client conversations. Portfolios are a concern, they report, but we’re all much better prepared than we were in 2009. This time, it’s more about the people.
Investment
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Investment

ASIC suspends its managed accounts project

As part of a re-calibration of its priorities to focus on COVID-19 challenges, ASIC has taken the MDA consultation off its plate and told its staff to be mindful the industry is facing significant disruption.
Investment

Avoid ‘knee jerk’ reactions: Oreana CIO

Advisers should pause before thinking about selling positions in heavily discounted portfolios and be wary of the 'buy the dip' narrative many equity funds managers are peddling, Oreana's CIO Isaac Poole said.
Education
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Education

Communication only works if you’re understood: AMP

Testing your communications with different groups is one way to check whether the message is actually getting across, says AMP’s head of super, retirement and platforms.
Education

12-month regulatory moratorium in play for advisers

Calls are mounting for the proposed regulatory changes in July, such as the annual opt-in rule, to be postponed so that advisers can focus their efforts on guiding clients through the coronavirus crisis.
Education

Surviving the Code of Ethics 101

UNSW Business School’s Dr Tracy Wilcox suggests advisers consider their ethical mindsets before getting too prescriptive about their Code of Ethics obligations.
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June 1, 2020 - June 2, 2020

Licensee Summit

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July 21, 2020

Best Practice Forum

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The Professional Planner | Financial Planning Association Best Practice Forum taps into the experience and insights of practice owners, principals, consultants and other industry participants to deliver leading-edge thinking on financial planning best practice.
July 23, 2020

Best Practice Forum

SUITABLE FOR: Financial planning practice owners and principals.
The Professional Planner | Financial Planning Association Best Practice Forum taps into the experience and insights of practice owners, principals, consultants and other industry participants to deliver leading-edge thinking on financial planning best practice.