Professional Planner: Top ten stories for 2020
There were some surprises in our most read list this year, and some stories that panned out exactly as we thought they would. As always, most of the stories that mattered for our audience were the ones that affected the way advisers go about their business.
December 18, 2020
The great reset: An industry emerges from crisis
Unprecedented quickly became the description de jure for what was happening all around between March and May this year as superannuation was drawn on, funds were tested and central banks through everything including the kitchen sink at the problem - Professional Planner reflects on the year that was.
December 17, 2020
FASEA axed, FDS and OSA docs to merge in landmark day for advice
FASEA will have its functions spread across Treasury and a single disciplinary body sitting within ASIC, while – in a much-needed compliance win for advisers – annual fee renewals will be combined with financial disclosure statements in a single document.
December 14, 2020
ASIC separates advisers and asset consultants
The regulator took several questions on notice from a combative PJC hearing last month about whether asset consultants like Frontier Advisors have the right to call themselves independent. The topic is front of mind for policymakers right now.
December 14, 2020
Hume: Industry voices led to compliance coup
The Senator tells Professional Planner she canvassed “far and wide” in the lead up to Wednesday’s compliance-cutting legislative amendment proposal. Industry associations played a role, she says, as did the advisers who joined industry roundtables and approached their local members.
December 11, 2020
Advice remediation rules up for review
ASIC has proposed a two-tier system to client remediation amidst a raft of updates to RG 256, including doing away with the current seven-year review period and making sure remediation assumptions are always beneficial to clients.
December 10, 2020
Men and women see advice through different eyes: UK study
Research from the International Longevity Centre shows men and women view advice through markedly different lenses, which means traditional advice service design and marketing could benefit from more considered gender tailoring.
December 08, 2020
Advice value chain ripe for reconstruction
In this exclusive piece written for Professional Planner, Fortnum CEO Neil Younger warns that without the support of loss-making licensees, the advice chain will need to be reassembled. This provides a golden opportunity, he says, but participants must resist the siren song that entranced vertically integrated institutions.
December 07, 2020
Clients taking closer look at fund performance metrics
Investors across the spectrum are becoming more savvy about the different risk and return metrics that fund performance is measured by. Fundies need to make sure they have their performance analysis in order, especially if they want to show their idiosyncratic value to full effect.
December 07, 2020
Why bad news, or no news, from researchers is good medicine
Negative fund ratings, or even an acknowledgement that a fund hasn't been rated, can still be of benefit to research houses and fund managers. Smart fund managers will use – and dissect – any information from researchers they can get their hands on.
December 04, 2020
