ALLY SELBY   The Financial Services Council (FSC) has called on the government to implement a two-year trial of a scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most.ELIZA BAVIN   The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman.

ALLY SELBY  |    5:46PM   Asset managers slightly increased their risk tolerance in the second quarter of the year in a bid to ride the equity rally, but risk aversion still remains high.KANIKA SOOD  |    12:41PM   Melbourne's Warakirri Asset Management has launched new retail funds from its freshly-minted partnership with Northcape Capital.

KANIKA SOOD   Challenger this morning reported $416 million in statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic.ALLY SELBY   Law firm Maurice Blackburn has slammed the Financial Services Council over its renewed campaign to allow insurers to call the shots on medical claims.

ANNABELLE DICKSON   The House of Representatives Standing Committee on Economics has scrutinised ASIC over its SMSF fact sheet in a public hearing reviewing the 2019 ASIC Annual Report, and questioned why ASIC appears to hold itself to a different standard than those it regulates.ANNABELLE DICKSON   The SMSF Association and the Financial Services Council (FSC) are calling for self-managed super funds to have access to unitised, liquid infrastructure investments as a way of generating economic growth.

BENJAMIN ONG  |    10:49AM   In times such as these, forecasting is futile. This is perhaps best exemplified by yesterday's piece on New Zealand's victory over COVID-19.BENJAMIN ONG   Big congratulations to our next door neighbours, you've done well - no second wave. And, even as New Zealand's wage subsidy nears its end and unemployment threatens to rise, the nation should still emerge wealthier than its peers.

ELIZABETH MCARTHUR, ANNABELLE DICKSON   ASIC has confirmed that it notified former AMP chair Catherine Brenner that it will not be taking any further action against her.ELIZABETH MCARTHUR   Enrolments in a fresh class action against Bendigo and Adelaide Bank on behalf of investors in the Great Southern managed investment scheme are being finalised this week.

ELIZABETH MCARTHUR  |    12:26PM   Synchron's general manager of legal, risk and compliance Michael Jones has resigned, with a new appointment to lead the dealer group's compliance.ANNABELLE DICKSON  |    12:15PM   US-based investment manager Wasatch Global Investors has appointed former ANZ Private Banking and Advice head of research and governance, Amelia Kennedy, to a newly created role leading distribution in the Asia-Pacific region.

JAMIE WILLIAMSON  |    12:29PM   The $52 billion industry fund is closing some of its investment options and merging others in a move that will see some fees change.ELIZABETH MCARTHUR  |    12:24PM   IOOF and LUCRF Super have revealed that the government's early release of super program was one of the most challenging elements of the COVID-19 pandemic to adapt to.

ALLY SELBY   The ASX is now reviewing market recommendations on the new system to replace CHESS, following the conclusion of a four-week consultation period ending July 28.ALLY SELBY   Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.

ELIZABETH MCARTHUR   For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region.KANIKA SOOD   Hedge fund billionaire Paul Tudor Jones backed ShareNett Holdings is partnering with Clearlist Holdings to develop a platform for family offices to transact in private markets securities.