Financial Standard

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |    12:45PM   Super Consumers Australia believes we should look to the UK for inspiration when it comes to providing access to conflict-free financial advice, saying lessons of the Royal Commission have been forgotten and "a chorus of self-interest has emerged".

CountPlus takes stake in WSC Group

ANDREW MCKEAN   CountPlus has acquired a 32.75% interest in financial advice practice WSC Group.

Australian corporate debt dwindles: Janus Henderson

ANDREW MCKEAN  |    12:46PM   Janus Henderson analysis found that Australian corporate debt has fallen 21.5% over 12 months because of booming cash flows from local miners.

HMC Capital launches alternatives fund

CHLOE WALKER  |    12:34PM   The HMC Capital Partners Fund 1 is an Australian-domiciled unlisted wholesale fund, providing exposure to a portfolio of alternative assets.

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON   The super fund will begin charging insured members an administration fee to make costs fairer for those without insurance.

MLC Life enhances income product range

ANDREW MCKEAN   MLC Life Insurance has made improvements to its Income Assure and Income Assure+ products following adviser feedback.

Luxury collectables break records

CHLOE WALKER   Millions of dollars of Rolex watches, Louis Vuitton and Hermes handbags, high-end shoes, jewellery, and other opulent items broke records recently at Lloyds Auctions, in one of the biggest luxury designer auctions ever.

SMSF client education a concern: Report

JAMIE WILLIAMSON   SMSF advisers are calling for more educational content as concerns around client education mount, according to a new report.

RBA raises interest rates again

ANDREW MCKEAN  |    12:48PM   The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation.

Inflation a greater danger than recession: Powell

ANDREW MCKEAN   Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks.

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN   ASIC has released guidance for superannuation calculators and retirement estimates, while also updating relief around how super funds can provide retirement estimates to members.

ASIC bans Melbourne adviser

CHLOE WALKER   The corporate regulator has dealt out a three-year ban to David Noel Ruthenberg of Venture Advisory Consulting.

Findex promotes new regional partners

CHLOE WALKER  |    12:48PM   Findex has appointed a total of 57 new partners and associate partners across Australia and New Zealand.

Appian appoints head of Australia, Asia

ANDREW MCKEAN  |    12:44PM   Appian Capital Advisory has announced the appointment of Peter Nicholson as a senior advisor, head of Australia and Asia.

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON   Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone.

Australian Catholic Super, UniSuper sign SFT deed

JAMIE WILLIAMSON   Australian Catholic Superannuation and Retirement Fund and UniSuper will merge before the end of the year.

The big case for big data

CHLOE WALKER   Big data should be a natural pathway for the superannuation fund industry, according to investment strategy experts.

Padua launches new adviser tool

CASSANDRA BALDINI   Padua Solutions has launched a new robo advice generation tool for financial advisors aiming to help significantly cut down turnaround times, lower the cost of advice, and improve client engagement.

Australia home to high proportion of women billionaires

CHLOE WALKER   Australia has ranked third in the world for the highest proportion of female billionaires, according to Forbes' 36th annual billionaire list.

Wendy Whiteley makes $100m contribution to NSW

CHLOE WALKER   Wendy Whiteley's collection of her late husband Brett Whiteley's artworks will be donated posthumously to the Art Gallery of NSW in an extraordinary cultural gift to the people of NSW.