Financial Standard

AFCA finds more Dixon Advisory victims

KARREN VERGARA   The Australian Financial Complaints Authority added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the levy financial advisers must pay.

Advisers must unite for major reforms: SIAA

KARREN VERGARA   Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will hear.

Billionaire quant investing legend Jim Simons dies

ANDREW MCKEAN   Jim Simons, the founder of Renaissance Technologies, a hedge fund that became one of the most profitable firms in history, has died at the age of 86.

The top investment funds over the past year

ANDREW MCKEAN   The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   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.

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.

Chalmers makes bold inflation prediction

ELIZA BAVIN   The Federal Treasurer says he believes inflation will come back into the Reserve Bank's target range sooner than predicted.

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN   The Reserve Bank of Australia left interest rates unchanged again this month - but another hike could be on the cards.

Federal Court rejects two CBA class actions

KARREN VERGARA   The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF).

Brisbane financial adviser has assets frozen

ANDREW MCKEAN   ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies.

Rest adds to C-suite with new appointment

ELIZA BAVIN   Rest has named a new chief people officer, choosing to promote internally.

Rahmani takes up post at Magellan

KARREN VERGARA   Sophia Rahmani officially took over as managing director of Magellan Asset Management as of today.

UniSuper restores online services, app

JAMIE WILLIAMSON   UniSuper's systems are back online, after close to two weeks of disruption.

Rest calls for removal of minimum work hours for super

ELIZA BAVIN   The super fund says new research revealed most Australians want the super guarantee to apply even if they work less than 30 hours per week.

Iress says its GitHub user space was breached

JAMIE WILLIAMSON   Iress has disclosed to shareholders that its private user space with software code repository GitHub was subjected to a cyber-attack over the weekend.

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON   The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   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.