Financial Standard

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |    4:21PM   Proposed changes to the wholesale investor test potentially have sprawling ramifications for financial advisers and is something some experts say will need to be thoroughly nutted out before the government pushes any reforms over the line.

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |    4:04PM   Investment and financial advisers are coming together to pressure the federal government more than ever to make the profession more sustainable by being flexible in recognising more degrees, the Stockbrokers and Investment Advisers Association (SIAA) Conference heard.

Bell Financial Group launches Tandem Securities

ANDREW MCKEAN  |    12:55PM   Bell Financial Group has today launched Tandem Securities, an end-to-end platform that provides wholesale and institutional clients with trading, clearing, and investment services.

Spaceship expands Voyager suite

JAMIE WILLIAMSON  |    12:53PM   Spaceship is launching two new Voyager portfolios, targeting investors with a lower risk appetite and shorter investment horizon.

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.

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |    12:50PM   A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled.

ANZ confirms ASIC investigation

ELIZA BAVIN  |    12:47PM   The major bank said it is cooperating with the regulator and takes its obligations seriously.

Head of institutional capital departs MA Financial

JAMIE WILLIAMSON  |    12:52PM   MA Financial's head of institutional capital Mike Pyke is taking on a new role at JLL.

Rest adds to C-suite with new appointment

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

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |    12:49PM   Australian Food Super, previously known as the Australian Meat Industry Superannuation Trust, is closing its Shares product, which failed last year's Your Future, Your Super test.

UniSuper restores online services, app

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

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.