Royal Commission

Financial planning

Planning/accounting convergence predicted in post-RC world

A new whitepaper has predicted a further important convergence between accounting and planning as the exit of the banks and the impacts of the Financial Adviser Standards...

People & Products

Resonant launches private multi-asset SMAs

Investment research firm Resonant Asset Management has launched a new private label multi-asset SMA program with direct stocks....

Funds management

Disruptors prove fruitful for DNR small-cap fund

The Australian market is entering a period of disruption, according to DNR fund manager, Sam Twidale, as newer entrants challenge traditional players. ...

Financial planning

Banks’ wealth exits haven't ended product promoting

Some of the major banks may have exited their wealth businesses but that has just meant that bank staff are now promoting the financial services products of the companies...

Financial planning

Lonsec makes strategic IMA planner offer

Research and ratings house, Lonsec has made a strategic offer to advice licensees to take control of their managed account portfolios....

Funds management

Uncertain outlook for Big Four banks

Australian banks had a turbulent start to 2019 as the Royal Commission outcomes took a toll on the big four banks, according to EY....

Funds management

IOOF’s flows deliver telling story

IOOF remained positive despite third quarter fund inflows well down on the previous corresponding period....

Financial planning

Challenger posts drop in annuity sales

Challenger has reported that a 13 per cent drop in its annuity sales was the result of lower Japanese sales and disruption to the Australian retail financial advice marke...

Life/Risk

Insurance advisers may be safe from anti-hawking laws

Changes to anti-hawking regulations likely won’t impact insurance advisers as their discussions with clients on risk products generally fall within regulatory definitions...

Financial planning

XPLAN continues to dominate adviser space

New research from Investment Trends has confirmed the continuing dominance of XPLAN in the financial adviser software space....

Financial planning

RC didn’t slow job growth in fin services

Job opportunities within the finance and insurance services sector were up 10 per cent in the first quarter of 2019, according to Sunsuper’s Australian Job Index. ...

Financial planning

Australians in the dark about personal finances

New research from Raiz Invest has revealed many Australians are in the dark about the state of their personal finances....

Policy & Regulation

Senate Committee recommends increasing consumers’ rights

Consumers can expect improved justice and recourse should they be victims of wrongdoing by the financial services industry as the result of a Senate Committee report hand...

Policy & Regulation

Banks defend vertical integration

The Australian Banking Association has defended vertical integration and the ability of the major banks to self-regulate when it comes to ‘simplifying’ such structures....