Private credit ‘exciting’ but manager selection is key
Advisers of high-net-worth clients are looking for products with an edge and private credit has become an attractive proposition in recent years. To succeed, the Professional Planner Researcher Forum has heard manager selection and understanding the role the asset class plays in portfolio construction is essential.
December 11, 2023
TAL launches SpotChecker program for the eighth consecutive year
Life insurer TAL has launched its SpotChecker program for the eighth consecutive year in 2023, encouraging more Australians to embrace skin safety.
December 11, 2023
Panorama launches two white label managed accounts from Evergreen
A pair of white labelled managed account suites managed by researcher Evergreen have been available on BT Panorama for two separate advice practices.
December 11, 2023
MLC Life hires remediation GM
MLC Life Insurance has appointed Ian Fletcher as general manager of remediation programs.
December 11, 2023
Dexus appoints CEO
Real estate asset manager Dexus has appointed Ross Du Vernet as CEO and executive director, effective from March 2024.
December 11, 2023
Labor deserves credit for attempting advice reform
Minister for Financial Services Stephen Jones’ two-year campaign to find some solution for the millions of Australians priced out of financial advice has been far from perfect, and his bold plan for a two-tiered model demands scrutiny. But wrestling daily with one of the nation’s most complex legal problems, while balancing the interests of a slew of lobbyists with public and internal party critics, is no mean feat.
December 08, 2023
Breaking the ‘living heart’ of investing
The classic 60/40 portfolio allocation to equities and bonds has drawn scrutiny since the Covid-19 pandemic due to bonds providing little defensive resilience. But the Professional Planner Researcher Forum has heard the love for bonds could be back.
December 08, 2023
FSCP hands out first published banning order
The Financial Services and Credit Panel has published its first banning order against an adviser, on the grounds they are insolvent under administration.
December 08, 2023
NGS Super hit with additional licence conditions from APRA
APRA has imposed additional licence conditions on NGS Super over its lack of cyber controls.
December 08, 2023
‘No rollback’: Govt defends bold but contentious advice reforms
Minister for Financial Services Stephen Jones said his unexpected plan to legislate much of the Quality of Advice Review and welcome banks and insurers back to the advice market is “absolutely consistent” with the landmark consumer protection reforms of the past decade. But the government faces criticism from the advice profession over its proposal of a two-tiered system based on a diploma-level sub-class bizarrely dubbed “qualified advice”.
December 07, 2023
