Former RBA governor foresees accountability problem ahead for Bullock

RBA/monetary-policy/Jim-Chalmers/

| By Rhea Nath |

Former RBA governor Ian Macfarlane has warned Michele Bullock’s job will be much harder than any of her predecessors if the RBA Review is implemented, deeming the proposed model a “very bad plan”.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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What does APRA's Lonsdale think about banks re-entering wealth?

APRA/john-lonsdale/Retirement-Income-Covenant/retirement/

| By Laura Dew |

Funds management

APRA chair John Lonsdale believes it is a “strategic priority” that there is an appropriate suite of products for people approaching retirement, which could include from banks.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Solid month for new entrant gains

Wealth-Data/new-entrants/

| By Laura Dew |

Financial planning

There have now been four consecutive weeks of double-digit rises in the number of new entrants joining the financial advice industry, according to Wealth Data.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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How did super funds perform in Q3?

SuperRatings/superannuation-funds/fund-performance/

| By Laura Dew |

Superannuation

SuperRatings has released the latest data for superannuation fund performance in the third quarter of 2023.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Only half of ASIC referrals result in convictions in FY22-23

ASIC/cdpp/senate/

| By Laura Dew |

Financial planning

The conviction rate for cases referred by ASIC to the Commonwealth Director of Public Prosecutions has fallen to half compared to 100 per cent in the year prior.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Shake-up on horizon for NSW investment management

TCorp/NSW/fund-management/

| By Laura Dew |

Funds management

Daniel Mookhey, NSW Treasurer, is encouraging TCorp to focus on its ESG framework in a bid to become a leader in Asia Pacific, and highlights a shake-up to the state government’s investment funds.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The Q3 investor trends: Calastone

Calastone/managed-funds/fund-flows/property/

| By Laura Dew |

Funds management

Property funds have seen record quarterly outflows in the third quarter of 2023 while investors have demonstrated a bias to Australian equities over global ones, according to Calastone.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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BT Panorama's battle to ‘win advisers’ hearts and minds’

BT/bt-financial-group/westpac/BT-Panorama/

| By Laura Dew |

Financial planning

The decision by Westpac to retain the BT Panorama platform should be welcomed by the industry, according to platform researcher Recep Peker, as a way of intensifying platform competition and improving its functionality.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Advice advocacy and the ‘alphabet soup’ of associations

FSC/Blake-Briggs/associations/financial-services-council/

| By Rhea Nath |

Financial planning

Financial Services Council chief executive, Blake Briggs, has shed a light on the need for industry body consolidation and how meaningful engagement between groups has brought the advice debate to where it is today.

AUTHOR

Rhea Nath

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Financial adviser enters skills shortage list

financial-advisers/treasury/hiring/migration/Jobs/

| By Laura Dew |

Financial planning

Financial investment advisers have been identified as a job experiencing a national skills shortage while a Treasury report has found migrant advisers are among the least likely to be working in their chosen field.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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