Industry Updates

APRA will struggle to include Choice super products in heatmap

There is both concern and scepticism that APRA will be able to benchmark the performance of Choice products, particularly if it is still struggling to collect meaningful and comparable data across the 90 or so MySuper products.

Time to be smart about yield

Instead of switching around holdings to generate yield, which can in turn introduce more risk, a total-return investing approach can automatically rebalance portfolio assets while supplementing income for retirees.

The ‘giant ponzi scheme’ this fundie is wary of

The asset manager’s flagship fund manager explains why historically low yields and inflated asset prices have created an economic house of cards.

Mota’s momentum play: Inside IOOF’s plan to reinvent insto-owned advice

Combining an innate knowledge of IOOF's inner workings with the business's existing juggernaut-like momentum will give Renato Mota every chance at redefining the model for institutionally-owned advice.

ASIC cements position as top conduct cop

Australia’s corporate watchdog has shored up its position as the country’s top conduct cop in the superannuation industry, with increased powers to tackle misconduct in a toughening regulatory environment.

A review meeting, but not as you know it

Business Health’s Terry Bell explains how advisers can add some shine to client review meetings that aren't quite hitting the mark.

Advisers still shy on margin lending

While the data is telling us that advisers are starting to thaw on margin lending, best interest duty concerns and a preference for alternative strategies means most still avoid recommending it.

UK pensions scandal sparks Aussie QROPS concern

Almost 2000 UK advisers are being investigated after taking a clip on defined benefit pension transfers, with the scandal threatening to spread to Australian specialist advisers.

Future Fund takes risk off the table

Australia’s $168 Future Fund reduced risk across the portfolio in the final quarter of 2019 and raised cash to the highest level in a year amid a “challenging” investment environment.

Make clients aware of the Code of Ethics

New research shows the broader population knows very little about advisers’ obligations to the new Code of Ethics, which is a shame because it could help the advice industry with its trust issues.

ASIC inches closer to phone tapping advisers

A Bill presented late last year granting the regulator increased powers to intercept adviser phone calls is waiting on amendments before it goes before the house and senate.

Downturn to play havoc with pensions

If returns revert to the mean, retirees taking outsized pension payments will face some tough decisions, Jonathan Philpot says. If the market takes a significant, sustained dive the government may once again reduce minimum payments.

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