2015 Wheel Classic: 1100km and aiming for $100k
Riders in the 2015 Future2 Wheel Classic rolled out of Sydney on Tuesday morning on the first leg of an event that will ultimately see them arrive in Brisbane on November 18 on the opening evening of the Financial Planning Association (FPA) Professionals Congress. It’s a trek that will cover 1100km, from Sydney’s northern beaches,
November 10, 2015
Interview: Why boutique planning businesses punch above their weight
Few financial planners would deny they are in the midst of significant disruption across numerous fronts, including regulation and compliance, educational and professional standards, and technology. Developments in these areas are accompanied by heightened oversight from the federal government and the corporate regulator, the Australian Securities and Investments Commission (ASIC). This affects the whole sector,
November 10, 2015
Aberdeen Ex-20 Australian Equities Fund highly recommended by Lonsec
Following a recent review, the Aberdeen Ex-20 Australian Equities Fund has been upgraded to “Highly Recommended” by Lonsec. In its review of the Fund, Lonsec highlighted Aberdeen’s disciplined research process, the strength of its solid and experienced investment team and the benefits of its collegiate decision making. Lonsec said it considers “fundamental, ‘bottom-up’ active research
November 09, 2015
BT Panorama expands managed portfolios menu
BT continues the rollout of its wealth operating system BT Panorama with the addition of four popular managers to the managed portfolio menu: Evans and Partners, UBS, Antares and Hyperion. “Increasing the managed portfolio offer was always part of our plans to ensure investors have access to a wide range of quality investment managers,” said
November 09, 2015
OpenMarkets offers access to IRESS trading software, expanding platform choice for clients
Australia’s independent and most advanced stockbroker, OpenMarkets, has joined the IRESS network, as part of its continued commitment to provide choice of trading front-ends for clients. This development will now allow clients of OpenMarkets to place trades via IRESS’ two flagship trading platforms and access a range of market data and multi-market order management services,
November 09, 2015
Financial advisers are heading back to university
UniSuper has grown its financial advice team by almost one-third over the last year and this expansion should continue over the medium-term, according to Jack McCartney, the fund’s executive manager of advice and employer relationships. As part of this expansion, it is placing more advisers in on-campus locations at a number of universities around Australia.
November 06, 2015
The financial advice industry needs more Jedis, but fewer mind tricks
Why are there seemingly constant enquiries into the advice industry? Why do policy makers feel the need for constant regulatory change? Despite these efforts to improve, why do Australians still fail to plan adequately for retirement? And why do we often make poor investment decisions? The answer to all these questions is simple – we need
November 06, 2015
The need for enhanced post-retirement support
The ageing of the population has long been touted as one of the key economic and social drivers affecting Australia over the long term. This demographic shift will be one of the major forces shaping the demand and delivery of financial advice. Advice processes, strategies and education supporting the accumulation phase of superannuation have been
November 06, 2015
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
