Industry Updates

Fear and loathing in emerging markets

Many emerging markets still promise sizeable returns for asset owners because of the favourable demographics, says Mark Burgess, chair of HESTA's investment committee.

ASIC commissioner values advice, but not ‘ratbags’

Danielle Press and Joanna Bird talk to Professional Planner about the true value of advice, limited license abuse, capital requirements for licensees and the challenge of regulating MDAs.

Funds must take slavery out of supply chains

The introduction of Australia’s Modern Slavery Act is a giant step forward because it has thrown labour abuse sharply into focus for both consumers and super fund members, says Christian Super chief, Ross Piper.

Evans Dixon case shows it matters who else is investing in your LIC

Scrutiny around Evans Dixon and the subsequent trading of its associated funds highlights just how important it is for investors in listed funds to understand who is investing beside them, Dominic McCormick writes.

How to change: Seven steps to advice business transitions

Switching your investment model, pricing structure or even crossing over to managed accounts needs to approached as a project, not a problem, according to David Haintz.

M&A spree continues with Fiducian’s MyState buy

The purchase is part of a recent run of acquisitions by firms taking advantage of a surging buyers’ market and betting on the profitability of advice.

AFA/FPA confirm alliance, join life insurance movement

The FPA and AFA’s new taskforce, an extension of an alliance the two representative bodies confirmed in May, adds weight to the life insurance industry's ‘single voice’ movement. 

Westpac finalising advice referral partners

After folding its BTFG brand internally and exiting personal advice, Westpac is close to settling on a panel of ‘specialist advice businesses’ to send client referrals to.

Count Financial sold to ‘natural home’ CountPlus

The converged accounting and advice practice is backing itself to run CBA’s second largest cluster of advisers, and could extend its influence over the group considerably.

A case study in front running disruption: Centrepoint

Transparency with advisers was an essential part of the transformation process Centrepoint Alliance CEO Angus Benbow kicked off close to a year ago now. Leaders have no choice but to face into the challenges, he says.

Don’t rush for the equities exit: Fidelity

The fund manager says there is a lot of juice left in global share market, despite bond prices indicating otherwise. The rally will continue with emerging markets leading the way.

‘Not all commissions are bad’: Insurance advisers find a single voice

Policy experts, practitioners, representative bodies and business leaders gathered together to establish a single voice in support of better consumer outcomes and a sustainable sector ahead of a landmark review.

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