Financial Standard

CSLR raises concern among advisers

KARREN VERGARA   The Association of Financial Advisers (AFA) has raised concerns about the cost of the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation.

Fintechs settle legal stoush

KARREN VERGARA   Astute Wealth Advice and Lumiant have reached an agreement to settle an alleged copyright breach.

New emerging markets ESG fund at Dimensional

JAMIE WILLIAMSON   Dimensional's sustainability suite is being expanded with the introduction of a new emerging markets fund with an ESG filter.

Pendal open to more acquisitions

KANIKA SOOD   Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley.

Integrity Life, Will platform partner

ANNABELLE DICKSON   Integrity Life has partnered with an affordable online Will-writing platform to encourage more Australians to put one in place.

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR   Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms.

Raiz rolls out SMSF functionality

ELIZABETH MCARTHUR   Self-managed superannuation fund trustees are the latest target market for financial services platform Raiz.

Class launches SMSF auditor tool

ANNABELLE DICKSON   The SMSF technology platform has launched an online tool to assist accountants in finding suitable SMSF auditors for their clients.

Economic recap: Week to July 16

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Relief payments confirmed for NSW

ELIZABETH MCARTHUR   As the Greater Sydney lockdown is extended a further fortnight, the federal government has confirmed disaster relief payments are on the way to support businesses.

ASIC industry levy to increase

KARREN VERGARA   Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year.

SMSF fraudster loses appeal

ANNABELLE DICKSON   The Queensland Court of Appeal has dismissed an appeal by former property developer Craig Gore who was found guilty of defrauding self-managed superannuation fund investors.

Janus Henderson hires global operations chief

KANIKA SOOD   The ASX-listed US$405 billion manager has hired from State Street to appoint a global chief operating officer.

National practice manager joins Madison

KARREN VERGARA   Madison Financial Group has appointed a former financial adviser as its new national practice manager.

Frontier partners with due diligence platform

KARREN VERGARA   Frontier has enlisted the help of a global technology platform to help automate the diligence processes.

Modern slavery obligations fall by the wayside: ACSI

KARREN VERGARA   Despite pledging to do more to help vulnerable workers, Australia's top 200 public companies are falling short on their modern slavery obligations.

Zenith adds client to Macquarie Wrap

ANNABELLE DICKSON   Zenith Investment Partners has launched a new managed account client on Macquarie Wrap as adviser demand for managed account solutions soars.

Netwealth launches mobile app

ANNABELLE DICKSON   The platform launched a client portal app for financial adviser clients in a bid to improve client engagement.

Significant drop in charitable giving

ELIZABETH MCARTHUR   According to the inaugural JBWere NAB Charitable Giving Index, Australians are giving less - possibly due to the pandemic.

Inheritance not expected: Research

ELIZABETH MCARTHUR   New research from the University of South Australia has revealed that the younger generation wants their parents to enjoy their retirement, and they don't feel owed an inheritance.