Financial planning groups relieved as a bipartisan FoFA deal is reached
Financial planning industry and professional associations have breathed a collective sigh of relief over the decision to reinstate a number of elements of the disallowed Future of Financial Advice (FoFA) regulations. Following the bipartisan deal struck between the Government and Opposition on Tuesday, a motion is due to be filed in the Senate when parliament
November 28, 2014
COVER STORY: Charting the evolution of investment research
In the late 1980s Estate Mortgage was virtually the only game in town for media covering the retail managed funds industry. The company, which promoted itself as being “just like a bank or a building society, but even better”, eventually collapsed in 1990, owing investors about $600 million. Leading the scrutiny of Estate Mortgage was
November 28, 2014
The mechanics of long-term forecasting: Vanguard launches the Capital Markets Model
Vanguard has today publicly launched the Vanguard Capital Markets Model (VCMM), explaining the mechanics of the simulation engine that informs the investment outlook and asset allocation insights of the $3 trillion global asset manager. The VCMM is a proprietary model that combines financial modelling and economic analysis to simulate forward-looking asset return distributions for a
November 27, 2014
Direct property helps reduce volatility in portfolios
Investing in direct property is one of the best ways to manage total volatility and income volatility in a portfolio, says Ryan Banting, head of portfolio management at Australian Unity Investments. “Recent research* shows that a diversified growth portfolio with no exposure to direct property has an approximately 18 percent chance of experiencing negative total
November 27, 2014
OneVue partners with Eureka Report
OneVue Holdings Limited has partnered with digital wealth and research subscription service Eureka Report, a wholly owned subsidiary of News Corporation, to deliver an innovative, independent investment solution in an industry first. brightday will be a member centric digital investment solution that facilitates investment management, superannuation and pension plans. Utilising OneVue’s technology platform, brightday will
November 26, 2014
IN FOCUS: Assessing investors’ needs a decade from now drives manager selection
Every year that Professional Planner has been involved in managed fund awards, one name has consistently featured among the winners. The Macquarie Professional Series, which turned 10 years old this month, was named Product Distributor of the Year in 2009 and has been every year since, including in the Professional Planner|Zenith Fund Awards 2014. In
November 26, 2014
Sunsuper, FPA partnership is the latest member-focused advice deal
Sunsuper’s new referral partnership with the Financial Planning Association of Australia (FPA) is the latest in a number of recent financial advice tie-ups between super funds and financial planning licensees. The program sees Sunsuper retain its in-house team of advisers in Queensland and Sydney and add direct relationships with adviser practices nationwide which share the
November 26, 2014
Is financial planning self-regulation a right or privilege?
As an aspiring profession, we often chant the mantra of self-regulation as though it’s our God-given right to run our own race free from government interference and red tape. Ideologically, we support this position on the basis that “free markets” should be preferred as a matter of principle and that government regulation of business should
November 26, 2014
AIA Vitality joins Australia’s football revolution
Football Federation Australia (FFA) today announced AIA Vitality as the inaugural naming rights partner of MiniRoos, the football introductory program for boys and girls in Australia. Vitality is a clinically proven health and wellness program that aims to influence behaviour related to chronic diseases and obesity. The program, offered in Australia by life insurer AIA
November 25, 2014
FPA Professionals Congress 2014 – photo gallery
November 25, 2014
OpenMarkets executes its first direct-to-consumer managed funds trade through its new Multi-Asset Trading Hub
OpenMarkets, Australia’s fastest growing independent execution-only stockbroker, broke new ground in the investing landscape last week, by executing its first direct-to-consumer Managed Funds trade through its new Multi-Asset Trading Hub (MATH). The trade, placed by financial planning company, Quill Group Financial Planners, was executed directly with a major Managed Funds provider in real-time, where the
November 25, 2014
Minister for Finance: Medibank Private joins the ASX
Medibank Private was today admitted to the official list of the Australian Securities Exchange (ASX), with trading in its fully paid ordinary shares scheduled to commence at 12.00 noon AEDT. Its ASX code is MPL. Shares will initially trade on a conditional and deferred settlement basis. Normal settlement trading is expected to commence on or
November 25, 2014
