The two things ASIC doesn’t want to see from advisers
If the regulator extends its report into conflicts from the big five into smaller practices they’ll be focusing on the two requirements advisers commonly fail, a prominent lawyer says.
March 15, 2019
Sole purpose test needs overhaul
Clarity is needed around the sole purpose test for super funds which want guidance on how not to break the rules. Elizabeth Fry writes.
March 15, 2019
CFS exec flags advice gap as demerger stalls
The announcement that CBA had delayed the spin off of its 'NewCo' entity was the talk of the room at an industry conference where a CFS executive was speaking during a session entitled: ‘A longer term perspective on advice businesses’.
March 14, 2019
No cause for ‘triumphalism’: industry funds
The fact that industry funds emerged largely unscathed from the Royal Commission process is “no cause for triumphalism”, says Ian Silk, chief executive of AustralianSuper.
March 14, 2019
ASIC targets advice for enforcement testing
ASIC was found to be ineffective at holding institutions to account on fees for no service by Commissioner Hayne, despite the work it did leading up to the royal commission.
March 13, 2019
Advice in decumulation: Defining the opportunity
Advisers have traditionally focused on the wealth accumulation phase. Now, with significant assets shifting to decumulation, businesses are adapting.
March 13, 2019
In their own words: Understanding the why
Adviser Pete Pennicott and his client Iain Leech are used to having robust conversations, which usually precede significant shifts in investment strategy. It's all part of a healthy relationship, Pennicott says.
March 13, 2019
ASIC signals SMSF identifier relief
The regulator has indicated that SMSFs with corporate trustees will get more time to sign up to new identifier requirements, three weeks before the new rule is due to kick in.
March 12, 2019
Be prepared for tech’s global reckoning
As the tide of sentiment towards big tech shifts internationally, investors in Australia’s emerging tech names should be cautious, Roger Montgomery writes.
March 11, 2019
Investment firms in CFA gender diversity experiment
The CFA Institute will work with 30 asset owners and managers as “experimental partners”, implementing diversity and inclusion action plans in their businesses.
March 11, 2019
Welcome the new wave of advice aggregators
Perth-based Broadleaf will close its first equity funding round and is on the hunt for quality advice practices to test it’s “hub and sub” model.
March 08, 2019
‘The advice is good, the recordkeeping is bad’
A compliance expert has said that while the service advisers provide is often top notch, the regulator is cracking down on the incomplete paperwork behind it.
March 08, 2019
