| | MONDAY, 20 FEB 2017 12:56PMASIC will undertake a major project focused on the advice provided to self-managed super fund clients, particularly around the establishment of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia.|
|Revisions to superannuation and investment product fee estimation methodology as a result of RG 97 is expected to significantly lift average fee metrics, according to an industry survey.|
|The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of their core technology, says APRA chairman Wayne Byres.|
|The Financial Planning Association Conduct Review Commission Disciplinary Panel has expelled financial adviser Darren Tindall and issued a fine of $16,000.|
|Capital standards should be set so that the capital ratios of deposit takers are unquestionably strong, according to ARPA chairman Wayne Byres.|
|The wealth management industry was overwhelming in its support of the Senate passing two significant reforms aimed at strengthening consumer confidence in the financial planning and life insurance sectors.|
|The Australian Custodial Services Association will focus its attention around improving the local funds management sector to increase its global competitiveness in 2017.|
|Federal laws which will affect the future of the financial planning industry passed the House of Representatives last night.|
|NAB Asset Servicing launched its RG97 Reporting Suite to clients, providing investors and members with heightened transparency on fees and costs.|
|The trustee of Australia's largest retail super fund, the MLC Super Fund, will appoint an independent expert to review compliance breaches following an ASIC investigation.|
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31 JAN 2017
Investors who try and predict macroeconomics as a source of alpha rather than focusing on long term trends will suffer in the long term.
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