Industry Updates

Why emerging markets demand a contrarian, selective mindset

For many investors, the label emerging markets still conjures up fragile currencies, unstable governance and unfulfilled promise, writes Orbis Investments’ Eric Marais. This perception has endured even as the reality across much of the emerging world has changed, creating opportunities underappreciated by investors.

Effective diversification is not passive

Many investors believe their portfolios are adequately diversified but on closer inspection they are often concentrated in the same region, investment management styles and the same handful of companies.

Advisers left behind with DBFO fee consent deficiencies: FAAA

Fee consent issues that were meant to be addressed by the Delivering Better Financial Outcomes reforms have only left advisers with further business inefficiencies, the Financial Advice Association Australia has told members.

‘Clickbait’ super ads reaching almost half of Australians: SMC

Almost half of Australians are receiving “clickbait” ads about switching into risky super funds, according to research from the Super Members Council which has called on the government to expedite improved consumer protections.

New opposition minister not convinced ‘education is the answer’

New shadow Minister for Financial Services Kevin Hogan is not sold on university degrees being the best pathway to becoming a financial adviser, instead saying that on the job training has been undervalued.

Shield, First Guardian collapse could drive YFYS changes

The $1 billion collapse of Shield and First Guardian could result in more externally managed products being included in the Your Future Your Super performance test, after Treasury released a consultation paper proposing sweeping changes to the framework.

FAAA opposes ban on advice fee deductions from super switching

Financial Advice Association Australia CEO Sarah Abood has urged members to make their voices heard in consultations that include the CSLR, superannuation consumer protections, and lead generators. Abood said these reforms will shape the profession for years to come, and the association will oppose a proposed ban to fee deductions for advice related to super switching.

What I took away from the world’s ‘festival of private capital’

The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand.

End ‘conveyor belt of consumer harm’ by unlicensed lead generators: Longo

In one of his final public appearances before departing the regulator at the end of the month, outgoing ASIC chair Joe Longo will call for the end of unlicenced communications about superannuation, including from lead generators.

Why the CEO of CFS created an AI clone of himself

Colonial First State group CEO Clive van Horen has turned to AI to create an agent “clone” of himself to help boost his own productivity as the emerging technology continues to reshape all levels of financial services organisations.

Looking beyond super for certainty in an uncertain environment

Ongoing changes to superannuation policy are shaping behaviours, not just sentiment. In response, a growing number of advisers are directing high-net-worth clients toward non-super assets and different investment structures to achieve greater rule certainty.

Why most financial advice scandals give a sense of Déjà vu

Most financial advice scandals are depressingly familiar, often following a similar playbook with predictable results, writes Simon Hoyle. While the players involved may change, the fundamental story doesn’t and it won’t be the last time it’s told.

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