Industry Updates

FAAA campaign about to hit your socials

To help mitigate consumers taking on advice from unlicensed finfluencers, the Financial Advice Association is launching a consumer marketing campaign on social media to attract more clients to licensed financial advisers.

FAAA reveals further details on FPSB India partnership

The Financial Advice Association has revealed further details on its memorandum of understanding (MoU) with FPSB India, a subsidiary of the Financial Planning Standards Board, to promote cross-border mobility and development for aspiring and professional financial planners.

Coalition tables surprise QAR legislation: ‘Just the starting point’

The Coalition’s bill to replace Statements of Advice will give crucial red tape relief the advice community has begged the government the last few years for, bill co-author Bert van Manen tells Professional Planner. While the opposition’s legislation attempts to seize on the slow advice reform process, the government is still backing in its own wider-ranging package.

US election pivotal but experts warn against catastrophising

Just days out from the 2024 US presidential election, the two major candidates both have multiple pathways to success and in an incredibly tight race such as this, any slight shift in voter sentiment could significantly tip the scale. Leading academics dissect the political dynamics at play and explain why despite the importance of the election, we should avoid catastrophising.

CFS partners with Viridian to help unadvised FirstChoice members

Colonial First State has announced an arrangement with Viridian Advisory to allow CFS FirstChoice superannuation, pension and investment members who do not have a financial adviser to access one-off, topic-focused advice.

Insignia nabs TAL talent for new MLC strategy team

Insignia Financial has picked up talent from life insurer TAL to create a new strategy and innovation team with a focus on driving innovation in retirement solutions for the MLC Wealth brand. 

APRA data shows external advisers underutilised by profit-to-member funds

APRA’s latest fund-level expenditure data shows retail platforms continue to hold the lion’s share of externally advised client money, while only three profit-to-member funds spent more than $1 million on external advice fees.

E&P shareholders vote in favour of ASX delisting

Shareholders of Evans and Partners, the parent company of disgraced vertically-integrated advice firm Dixon Advisory, have voted in favour of delisting from the ASX. Leadership encouraged the option after mounting controversies and ongoing scrutiny plagued the share price of the troubled firm.

AustralianSuper chief retirement officer departs

AustralianSuper's first chief retirement officer, Shawn Blackmore, is leaving after 17 years with the super fund. 

How the AI boom differs from the dotcom bubble

Stockpicker Peter Bates, a global equity portfolio manager at T. Rowe Price, has reduced exposure to AI hardware providers like the much-hyped Nvidia, believing lofty valuations are becoming problematic. But he says the AI boom is not a bubble since it is funded primarily by the real cashflows of household name giants like Microsoft and Meta.

Key considerations for global equities beyond the US election

The prospect of a new president in the White House has loomed large on investors’ minds. Beyond the US election, however, what might 2025 bring? David Eiswert writes the powerful investment trends of artificial intelligence and GLP‑1s, along with recent economic policy measures, are reasons to be more sanguine about the outlook.

Large-caps driving investor interest in emerging megatrends

Big name companies continue to be the focus of interest for investors keen to lift exposure to secular trends like artificial intelligence and anti-obesity drugs. The absence of near-term competition and lack of clarity on how these technologies will develop in the longer term means investors continue to pile into a handful of companies.

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