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…

Today’s Best Videos 

John Kay on other people’s money at CFA lunches

Celebrated UK economist and author, John Kay, will air his harsh critique of the financial services industry early next month in Australia and New Zealand as guest of the local CFA Societies in each country…

Hedge funds perform well in difficult year

Hedge funds finished last year up 2.42 per cent, beating equities and bonds on an absolute and risk-adjusted basis, according to an analysis of performance data by the Alternative Investment Management Association (AIMA)…

Global industry downturn for first time since GFC

Muted net flows into investment strategies were insufficient to overcome negative market performance worldwide in 2015, resulting in lower global assets under management, revenue, and operating margins for the first time since the financial crisis of 2008-2009…

Against the Gods: lessons from the past

In 1996, the late Peter Bernstein, the founder of The Journal of Portfolio Management, published a book that became, for a time, required reading by professional investors. With the current state of markets, they should brush up on its contents…

Investors should re-think ‘fragile’ fixed income markets

Investors, planners and asset managers may have to reconsider the traditional role of fixed income as the low-volatility counterweight to equities in their portfolios, according to a report by the Bank for International Settlements…

Australian wealth managers lead the pack with online sales

Australian wealth management companies are well ahead of their US counterparts when it comes to online capabilities but they are some way off meeting customer expectations for a seamless omni-channel experience, according to new research…

ASIC warns advisers over double-geared margin loans

Financial planners and loan brokers offering margin loan services will need to take extra care when dealing with clients who want to ‘double gear’ their assets, following an Australian Securities and Investments Commission review of the sector…