More pain for banks as APRA overhauls related entity standard

The Australian Prudential Regulation Authority has conceded that its revised related entities standard may create difficulties for banks and other authorised deposit-taking institutions (ADIs). Prudential standard APS 222, Associations with Related Entities,…

People: board renewal at IOOF

Former ING Direct chief executive Vaughn Richtor has been appointed as a director of MyState Ltd. Richtor has extensive experience in banking, and following his role at ING Direct was chief executive…

Developing a Trumptweet investment strategy

On August 1, President Trump sent four tweets about China. With tweet three, which talked about additional tariffs on US$300 billion of goods exported from China to the US, Trump rocked markets…

Retirement income estimates have a ‘remarkable’ impact

The inclusion of estimates of lump sums and income streams at retirement in super fund member statements can have a significant impact on member behaviour, new research has found. Until recently, most…

Tough times in the comparison site market

After his first full year running comparison site company iSelect, chief executive Brodie Arnhold said the company had “stablilised” in 2018/19, after some difficult times. Stable maybe, but still in the red.…

TPB cracks the whip

The Tax Practitioners Board has stepped up its investigations into tax agents suspected of high-risk behaviour and it has terminated a number of registrations in recent months. In July the TPB reported…

Today’s Best Videos 

Will HNWs shirk traditional platforms?

Some interesting research by Tria Investment Partners shows an expected decline in the use of traditional adviser platforms – one imagines instant denial by major players in the industry, but if it’s true, we have a changing pattern in what advisers will and won’t do in the future. This would also affect Fund Managers and their product offerings…

Offshore flows into managed funds… but not enough

The level of foreign investment into Australia via managed investment trusts has more than doubled in the past five years but the potential to export more of our managed funds capabilities remains largely untapped…

Lazard funds cement ‘highly recommended’ rating

Lazard Asset Management’s flagship Select Australian Equity Fund has retained its ‘highly recommended’ status from independent research house Lonsec, following a recent review…

Robo-advice market gets serious with Macquarie’s entry

Macquarie Bank’s announcement last week of its entry into the burgeoning robo-advice market has added a new dimension to the competition. The market appears to be separating into those which also clip the ticket on product – usually ETFs – and those which stick to automated advice…

Top 10 ‘rules of thumb’ for better ETF investing

With the rise in ETF investing, especially by SMSF trustees and given a new spurt by several robo-advice offerings which use an ETF-driven platform, Morningstar has published a timely cautionary note for investors. Not all ETFs were created equal…

Is Residential Property slowdown a wake-up call to investors?

Such has been the heat in the residential real estate markets in Sydney and Melbourne that, unsurprisingly, markets are at last coming off the boil…

What it all means for fund managers

The focus of attention following regulatory and ongoing technological changes impacting our industry has been on the platform and financial planning segments. But fund managers, are potentially big winners, or losers, too…