An outside adviser’s take on FPA Congress
Reflections on the FPA Congress and local advice industry by well known UK adviser and advice mentor Phil Billingham puts Australia's fixation with regulatory change and proliferation of product into context.
December 10, 2019
Active versus passive: Look beyond the binary
Aussie equity portfolios may suffer if investors take sides in the active versus index debate. With no shortage of options available, building a balanced portfolio is about more than picking sides.
December 10, 2019
SMSF wind-ups should be front of mind
Death, divorce and dissolution: there are a host of reasons advisers need to keep a close eye on the readiness of an SMSF to be wound up, according to private client adviser Peter Crump.
December 09, 2019
AMPFP ends its mass-market MDA experiment
AMP Financial Planning couldn't make managed discretionary accounts commercially viable in light of the conditions placed on the wealth manager's offering, the group's head of research has told Professional Planner's Researcher Forum.
December 06, 2019
Asset definition inconsistency a blight for advisers
The disparate methods super funds use to define asset class make things tough for advisers, according to Lonsec’s Veronica Klaus, but the funds themselves aren’t to blame.
December 06, 2019
Conflicts of interest ‘an issue’ in managed accounts: ASIC
The corporate regulator’s investment leader flagged managed account fee complexity and the potential for conflicts therein as a major concern. A report won’t be forthcoming, he said, but "policy and regulatory settings" may be updated.
December 05, 2019
Senate Inquiry: APRA, Westpac and heatmaps
APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.
December 05, 2019
Low bond returns spark calls for risk profile rethink
Advisers need to make a bigger distinction between risk averse and capital return seeking clients now because low-risk options aren’t giving 3 to 5 per cent returns, a panel has heard at the Professional Planner Researcher Forum in Sydney.
December 04, 2019
Less than half of planners are planning ahead
If advice principals are to ride the waves of disruption they need to get better at writing effective, flexible business plans, insights from Business Health's upcoming 'state of the industry' report reveals.
December 03, 2019
Most super fund advice not in clients’ best interest: ASIC
The regulator was relatively sanguine about a study revealing only 49% of superannuation fund advice files reviewed demonstrated full compliance with best interest duty.
December 03, 2019
More platform discounts to come: UBS
A wave of new market entrants with cut-price fees are putting the clamps on Netwealth and HUB24, while the incumbent platform providers continue to hemorrhage funds.
December 02, 2019
