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.

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.

Discover the best performing asset class of 2023: Mercer

ANDREW MCKEAN   2023 proved to be a great year for investors, with all but one asset class delivering a positive return.

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.

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.

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.

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.

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.

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON   ASIC commissioner Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 months on.

Senior Cbus investment manager exits

ELIZABETH FRY   Cbus' head of total portfolio management has left the fund, while a former JANA executive has joined its infrastructure team.

Frontier grows consulting, governance teams

ELIZABETH FRY   Frontier Advisors has announced four new appointments, hiring from Aviva, Zenith, Cooper Investments and Motley Fool.

Inflation spooks retirees more than healthcare costs

KARREN VERGARA   The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey.

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN   The Senate Economics Committee has released its interim report into using super for housing.

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.

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.

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.