Don’t look now, but peace may have broken out in Risk-land
Despite a few hangers-on hoping for a last-minute reprieve, risk advisers have now largely accepted the inevitability of the Life Insurance Framework’s (LIF) reforms, according to Zurich. “There’s an overarching sentiment that, while you’ve got a small core of people who are potentially still not fully embracing of the need to change … the train
November 05, 2015
Another arrow in the quiver: pinning clients down on saving
Many people believe their biggest financial asset is their home, followed by their superannuation. Others believe it’s their ability to earn an income. But here’s another thought: it may also be one’s ability to save. That would explain how some low-income couples are able to retire with considerable wealth while other high-income earners have almost
November 05, 2015
More than the job is worth: How at risk from machines is your occupation?
Recently I read a list of jobs that are most at risk of being replaced by machines. Financial planning wasn’t among the “most-at-risk” occupations, which makes me wonder about all of the hoo-ha currently surrounding robo-advice. Deloitte and researchers at Oxford University have estimated that about 35 per cent of all current jobs in the
November 05, 2015
Temenos extends Rubik partnership to include digital channels
Temenos, the market leading provider of mission-critical solutions to the financial services industry, today announces that Rubik Financial Limited (Rubik) (ASX: RFL) a leading technology company that delivers innovative wealth, banking and mortgage solutions to the financial services industry, has extended its partnership agreement with Temenos to upgrade its existing channel technologies with Temenos’ UXP (User
November 04, 2015
GBST tax aware investment services added to MSCI global index series for first time
GBST, a global provider of securities transaction and wealth management platforms for the financial services industry, and specialist provider of after-tax services in the Australian market is announcing today its latest collaboration with MSCI, a worldwide leading provider of research based indexes and analytics. The GBST Quant capabilities will be added to expand the current
November 04, 2015
Next wave of Exchange Traded Bond units now live on ASX
Reinforcing its commitment to improving investor access to corporate bonds on ASX, the Australian Corporate Bond Company (ACBC) has expanded the range of XTBs available, with the official release today of a second tranche of six XTBs. This takes the range to 23 with a third and fourth tranche to be released in the coming weeks.
November 04, 2015
Checkmate: How Westpac outflanked the opposition to win the compliance game
One of the biggest challenges facing Australia’s licensees is to make sure that the financial advisers whom they support run businesses which are completely and demonstrably compliant. Compliance, to be honest, is both very, very simple and very complicated at the same time. It’s simple because at its heart is a very simple ethos: make
November 03, 2015
AdviserLogic meets adviser call for greater integration
AdviserLogic is heeding a call from financial advisers for greater software integration by publishing its Application Programming Interface (API). The API allows third-party software applications to both add and take AdviserLogic data and responds to a key theme identified in Investment Trends research. “Recent Investment Trends research revealed that 88% of advisers surveyed are seeking
November 03, 2015
Should risk advisers have their own AFS licensing requirements?
Risk advisers’ license requirements should be distinct from those of financial planners providing holistic advice, according to Brian Howard, owner of Gainsborough Financial Group. He believes the focus of the Life Insurance Framework (LIF) and Parliamentary Joint Committee on standardising educational requirements is unnecessary. “I’ve no idea why we are not all regularly having the
November 03, 2015
Are you a financial planning business dealmaker or dealtaker?
Most business owners who have established or built a successful business are justifiably proud of what they have achieved. However, it is surprising how few of them plan ahead for their successful exit from the business. I have an edict that the quantum of time spent on defining the strategy about succession determines whether you will
November 03, 2015
Lonsec and Zenith maintain ratings for Neuberger Berman ARMS Trust
Two leading Research Houses, Lonsec and Zenith, have maintained their “Recommended” and “Approved” ratings (respectively) for the Neuberger Berman Absolute Return Multi Strategy (ARMS) Trust. The Neuberger Berman ARMS Trust is administered in the Australian market by the OneVue Group. Lonsec says the Trust is managed by stable team of experienced investors, who Lonsec believes
November 03, 2015
BetaShares Chief Economist David Bassanese anticipates RBA is likely to hold rates tomorrow
Tomorrow’s RBA rates decision has been the focus of market speculation over the past week, as rate increases by the major banks put pressure on the central bank to consider a further cut. However, BetaShares Chief Economist David Bassanese believes it’s a case of ‘if in doubt, do nothing’. “With tentative signs of improvement in
November 02, 2015
