Everything old is new again as planners tackle the advice and investment aspects of aged care
Preparing clients financially to enter aged care later in life is a vital aim of financial planning. Some 25 per cent of the population will be over 65 years of age by the year 2100 – up from just 4 per cent at the start of the 20th century, according to Australian Bureau of Statistics
January 28, 2015
S&P Dow Jones Indices sets aggressive global expansion of its fixed income business
Anticipating flourishing, global demand for fixed income indices for use in both passive investment strategies and as benchmarks for actively managed portfolios, S&P Dow Jones Indices (“S&P DJI”) announced today an aggressive plan to exponentially grow its fixed income index business throughout the world – bringing greater transparency, integrity, breadth, and flexibility to the fixed
January 27, 2015
Asset managers seek a variety of approaches to offer ETF products
The January 2015 issue of The Cerulli Edge – U.S. Monthly Product Trends evaluates exchange-traded funds (ETFs). The January Monthly Spotlight examines the best-selling mutual fund, ETF, and Morningstar categories of 2014. Highlights from this research: Asset managers are seeking a variety of approaches to offer ETF products, such as using their firm’s existing infrastructure
January 27, 2015
Zenith rates the Perpetual Global Share Fund ‘Class A Recommended’
Zenith has initiated coverage on the Perpetual Global Share Fund – Class A (APIR: PER0733AU), managed internally by a dedicated global equities team, with a RECOMMENDED rating. Since inception (January 2011), the strategy has been managed by Garry Laurence who has over 11 years industry experience. The Fund provides investors with a concentrated, value biased,
January 27, 2015
Life insurance lacking in those with most to lose
Research shows a dramatic difference between the number of Australians who rate the importance of life insurance and the number who have it. And those without financial protection usually have the most to lose from setbacks such as an accident or illness. This includes retirees and those approaching retirement. The research was commissioned by Australia’s
January 27, 2015
Oil’s perfect storm
Standard Life Investments, the global investment manager, considers the winners and losers appearing between producers, exporters and importers after the recent collapse in oil prices. This analysis is part of the latest edition of Global Outlook which highlights that households should benefit but oil service companies will suffer along with countries heavily dependent on oil
January 27, 2015
‘Secret’ submissions, short deadline undermine the life insurance working group inquiry
The short timeframe for submissions to the Life Insurance and Advice Working Group (LIAWG) may limit the number of responses it receives before the 30 January deadline. Wayne Handley, managing director of life insurance-focused group Bombora Advice, says “the timing is unfortunate, the short timeframe to get responses in was a concern that we had”.
January 27, 2015
A buyers’ guide to managed accounts: a starting point for your search
Anyone who has bought a car – or more precisely, had to keep the family happy while also buying a car – knows that the requirements can be in conflict and are sometimes utterly unrelated to practical considerations. Requirements such as size (big enough for the dog); colour (not another black car); engine size (zippier
January 27, 2015
For love and money: advice strategies for new couples
Many people make a promise to share a life together – for richer or poorer. But all too often a good relationship can be pulled apart by money issues resulting from different views on how to handle money, different expectations or poor planning. Before making the leap to move in together, couples should agree on
January 27, 2015
What financial planners can learn from client disputes
In FOS Dispute 247048 a decision was handed down in favour of the financial services provider (FSP) on the basis that the dispute fell outside the FOS Terms of Reference. Nevertheless there are still good lessons for advisers in this dispute. The Applicant was a dairy farmer who described himself as a person with limited
January 23, 2015
Fixing perceptions of planning will take more than money and spin
Melinda Houghton’s initiative to counter negative public perceptions of financial planners is admirable. But does Houghton’s “Positivity for Planners” campaign seek to treat the symptoms before the disease has been properly addressed? The last couple of years have seen the financial planning industry cop a larger than usual amount of negative press. Some of this
January 23, 2015
Multi-asset managed funds: come and see the real thing
In 2014, investor appetite for multi-asset strategies has remained at elevated levels, as evidenced by the significant flow of funds into this sector. Growth in funds under advice has been matched by a proliferation of new offerings, particularly in the “real return” market segment, as investment managers respond to the segment’s emerging status, whilst also
January 23, 2015
