Four funds fail performance test again
The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.
August 31, 2022
Managed accounts giving advisers two days back a week
The idea that managed accounts could give back around 40 per cent of a standard work week seems crazy, but has been backed up by research from Investment Trends.
August 30, 2022
More services needed to improve financial wellbeing: ASIC & Beyond Blue
Research from ASIC and Beyond Blue has attempted to quantify the relationship between financial wellbeing and mental health, arguing more support services need to be put in place.
August 30, 2022
‘Good advice’ and ‘bad advice’: How Levy wants to regulate
Instead of meeting a best interests duty, advice review lead Michelle Levy has suggested advisers provide “good advice”. Although it sounds simplistic, her review could ultimately turn financial advice into a properly functioning profession that places “a different kind of responsibility on providers” while untangling the advice process.
August 29, 2022
ASIC orders super funds to shape up over DDO
After reviewing a sample of super fund target market determinations the regulator has deemed many to be ineffective.
August 29, 2022
How many advisers will benefit from the education consult?
Analysis from Wealth Data has established how many advisers could potentially benefit from the recent consultation on the education standard, but there are a few caveats for what the exact number could be.
August 26, 2022
Ex-ANZ advice business breaking even; next stop MLC
Insignia has reported the ANZ business it acquired is now breaking even financially, giving the firm significant confidence the same process will work on the MLC business it acquired last year.
August 25, 2022
Perpetual successfully courts Pendal
After initially rebuffing Perpetual’s proposed acquisition, months earlier, Pendal has agreed to a deal that will create a $200 billion fund manager.
August 25, 2022
Centrepoint wants scale, just not with Diverger
Diverger believes Centrepoint’s FY22 results show its acquisition offer provided fair value and maintains consolidating the two licensees is a positive outcome for the industry. However, Centrepoint is eyeing its own acquisition opportunities elsewhere.
August 24, 2022
Clean record won’t cut it for experience pathway
Among of the caveats of the government’s education carve-out is that minor disciplinary infractions will be enough to void eligibility even if advisers met the 10-year experience threshold. Additionally, education providers will be given the opportunity to self-regulate whether their degrees fit the education standard.
August 24, 2022
‘Absolutely stoked’: Simon Hoyle returns to Conexus
The inaugural editor of Professional Planner is returning next week as editor-in-chief of Professional Planner and Investment Magazine.
August 24, 2022
