Financial Standard

Almost one third fail adviser exam

KARREN VERGARA  |    12:39PM   Nearly one third (30%) of candidates who sat the latest round of the Financial Advisers Exam failed.

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA   ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications.

AMP Advice partners with BlackRock and Lonsec

ELIZA BAVIN  |    12:23PM   Through the partnership, AMP Advice will introduce a new category of tailored managed portfolio solutions.

Perpetual confirms KKR acquisition talk

JAMIE WILLIAMSON   Following media reports and a short trading halt, Perpetual this morning confirmed it is in exclusive discussions with KKR over the acquisition of its Corporate Trust and Wealth Management arms.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN  |    12:45PM   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

UniSuper selects new group insurer

JAMIE WILLIAMSON   After more than a decade in business, UniSuper has dropped TAL as its group insurer.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

South Australia recognised as 'economic leader'

ANDREW MCKEAN   South Australia leads in economic performance across all Australian states and territories, according to the CommSec State of the States quarterly report.

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN   Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF).

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |    12:26PM   The financial regulator has hit back at suggestions it isn't doing enough to deal with community complaints.

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN   The peak accounting body said most auditors believe the government's mandatory reporting rules are a "significant miscalculation".

Future Fund deputy CIO jumps to Blue Owl

ELIZABETH FRY   Blue Owl Capital's hire of a top executive from the Future Fund has generated more interest in US firms vying for institutional business in Australia.

Schroders chief flags retirement

ANDREW MCKEAN   Schroders group chief executive Peter Harrison will retire next year, but he'll continue to serve as a director while the firm searches for his successor.

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |    12:52PM   Crescent Wealth Superannuation will shut down next month; its members will be moved to the new 'Salaam' division of Russell Investments Master Trust.

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |    12:51PM   Brighter Super is shuttering both of its responsible investment options, saying it is in the best interests of members. It comes as the fund streamlines its investment menu to offer just one set of options.

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN   Most pension fund managers and institutional investors plan to increase their exposure to Vietnam over the next three years, according to research from Dragon Capital.

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN   The annual list of the world's most innovative wealthtech companies was recently released, with several Australian firms making the cut.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |    12:39PM   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.