ELIZABETH MCARTHUR   Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.ELIZABETH MCARTHUR   BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic.

ALLY SELBY   Volatility, despite its stomach turning swings, should not be feared; instead investors should take time to understand it to take advantage of the opportunities it presents.KANIKA SOOD   Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses.

KANIKA SOOD   Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter.KANIKA SOOD   The life insurer and its philanthropic foundation will partner with Foodbank to provide 186,000 meals to Australians from July this year to next summer as COVID-19 increases the demand for food relief.

ELIZA BAVIN   While hundreds of thousands of Australians remove tens of millions from their superannuation accounts, SMSFs are holding their own.ELIZABETH MCARTHUR   The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs).

BENJAMIN ONG  |    10:50AM   At its 4 June Governing Council meeting, the central bank raised the size of its Pandemic Emergency Purchase Program (PEPP) by ?600 billion to a total of ?1,350 billion.BENJAMIN ONG   The gradual relaxation of restrictions around the world should help underpin a shallower contraction/growth rebound in the domestic economy starting in the September quarter.

ELIZA BAVIN   Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal.ELIZA BAVIN   Keybridge Capital has launched legal proceedings against Wilson Asset Management, alleging WAM improperly transferred Keybridge shares into its own name.

JAMIE WILLIAMSON   MLC Life has appointed a new chief executive and managing director, effective June 15.ALLY SELBY   An Australian retirement income solution provider has appointed an independent non-executive director to its board, effective June 1.

HARRISON WORLEY   For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic.KANIKA SOOD   A new paper published by Actuaries Institute says current taper rates may be encouraging middle-income earners to spend their retirement savings too quickly and live on the Age Pension alone.

ALLY SELBY   The buyer of Chant West's financial planning software business Enzumo has been revealed, with an ASX-listed dealer group set to fork out $1.5 million for the business.HARRISON WORLEY   JP Morgan Asset Management's trading and analytics platform is set to be powered by the automation capabilities of Calastone, after the two firms formed a partnership.

KANIKA SOOD   AMP's corporate philanthropic foundation is offering $2 million in grants for non-profits working to meet COVID-19's challenges in the community.KANIKA SOOD   Regal's Atlantic Absolute Return Fund posted a 14% rise in April, looking up from its -58.6% returns for March and -32% for February.