Planners on notice

Almost a third of consumers and half of small business owners are considering either changing their current financial planner or ceasing to use one altogether, according to new research. Respondents to the…

ASIC licensing and banning powers beefed up

Recommendations of the 2016 ASIC Enforcement Review Taskforce that the regulator’s powers be strengthened have finally been put into legislation, with the passage of a bill last week that strengthens ASIC’s licensing…

People: Braintree head moves to payments hopeful

Payments processing company Monoova (formerly MoneyTech Payments) has hired Tyson Hackwood to be its head of growth. Hackwood joins from PayPal’s Braintree, where he was head of Asia Pacific. At Monoova he…

The rise of renters by choice

The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about…

SuperAA morphs into Seamless SMSF

The self-managed super fund (SMSF) administration and audit firm Superannuation Advisors Australia – known as “SuperAA” is changing its name to Seamless SMSF to better reflect its service delivery and product suite.…

ACCC spells out Open Banking rules

Consumers will have an online “consumer dashboard” to allow them to manage their data consents when the Consumer Data Right in banking kicks off in July. Details of the dashboard are included…

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Financial abuse of old people included in Law Reform inquiry

Financial abuse will be a focus of the Australian Law Reform Commission’s inquiry into elder abuse, with the commission raising the prospect of a mandatory reporting regime for financial institutions and wealth management companies…

Congratulations Greg Medcraft

The recent call by Greg Medcraft, chair of ASIC, for boards and CEOs of financial institutions to take responsibility for and be in charge of an organisation’s culture is a welcome addition to the current debate on corporate behavior..

Property and bank stocks: beware of the codes

In a study published earlier this month Moody’s Investors Service became negative about Australian banks in light of their exposure to residential property. ..

Traditional bond flavour from absolute returns

As coupon yields continue to tumble, notwithstanding the gyrations in markets surrounding Brexit over the past few days, the historical income-producing characteristics of bonds are being whittled away…

Crestone banks on a ‘world-leading’ wealth platform

Mike Chisholm is betting on a world-leading wealth management platform to make recently launched Crestone Holdings stand out in the market for high net worth and ultra high net worth advisory services.
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Morningstar warns on wider bond manager briefs

Morningstar has awarded only one ‘gold’ rating to a manager in its latest global and Australian fixed income report published this week – to PIMCO – with 15 ‘silver’ ratings and 14 ‘bronze’…

Timbercorp investors allowed to defend claims over debts

Investors who borrowed to invest in the failed Timbercorp Finance agribusiness scheme will be able to defend claims for recovery of their debts under a court ruling. ….