Big budgets, bad solutions: why Clime is avoiding robo
The financial services provider decided not to bolt a robo platform onto its SMA offering because the best solutions aren't in the market yet, despite a ‘thousand warheads’ worth of resources.
March 05, 2020
SMSFs like bad tattoos, ex-FPA director says
Not all advisers are enamoured with SMSFs as a retirement savings vehicle. One principal likens them to tattoos; popular and exciting at first, but likely to be regretted eventually and painful to get rid of.
March 04, 2020
Madison sale process to be completed by April
While there is strong inbound interest from potential acquirers for the licensee formerly owned by Sargon, the pointy end of the sale process will take place in mid-late March, with a deal likely to be finalised in April.
March 03, 2020
Our great, rudderless retirement boat
Call it Australia's best problem: a retirement system that is the envy of the world but has some serious, foundational flaws that can only cause more damage if they remain unchecked.
February 28, 2020
PJC grills ASIC on advice fee ‘disclosure duplication’
An MP put to James Shipton that proposed annual fee disclosure arrangements for advisers may result in consumers paying more to be advised twice on the same fees.
February 28, 2020
Go into self-licensing with eyes wide open
Advisers who are considering self-licensing must choose between coming under the rules and protection of a licensee or carrying all the risk of doing things their way. Fortnum CEO Neil Younger writes.
February 27, 2020
Active is great for insto, so-so for retail: Academic
While fund managers might deliver net outperformance for institutional investors, Geoff Warren is less convinced they can add value for retail investors.
February 27, 2020
AFA slams ’15 month’ annual opt-in renewals
The association’s head of policy called for major changes to the government’s proposed annual opt-in plan, which he said shouldn’t be tied to the ‘fundamentally flawed’ FDS process.
February 26, 2020
Less than 1pc of advisers to escape independence disclosure rule
Between insurance commissions, managed accounts and asset-based fees, the coterie of advisers avoiding ‘lack of independence’ disclosure will likely be tiny. The jury is out, though, until we figure out what the new rule actually means.
February 25, 2020
Advice crucial, but not the only source of truth: NSA
A group representing 130,000 retirees has vouched for the importance of financial advice, but stressed that most of their members are leaning on a variety of sources for guidance.
February 24, 2020
Reason to be optimistic: advice over the horizon
The local advice industry might be in a messy transition period, but going by international standards it is starting from a much, much better place than many others.
February 21, 2020
