Editor's Choice
Antipodes acquires boutique manager
|Antipodes has acquired a fund manager specialising in Asian equity and fixed income strategies that has about $170 million in assets under management.
The funds delivering up to 30% returns: Mercer
|Mercer released its investment performance charts, revealing the top 10 funds delivering massive returns.
ClearBridge launches first local global equity fund
|ClearBridge Investments has launched its first global equity strategy in Australia as it looks to introduce more in the future.
Plenary Group sells 49% stake to ADQ
|Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
Products
Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
The members of the FSC have always known the advisers responsible for the inappropriate advice/behaviour yet have not acted to stop it. The blame should lie at the feet of those responsible not with the overwhelming number of advisers that daily provide excellent advice to the people who need it.
LIF reforms as they currently stand will only increase the cost of advice and drive more people to platform (superannuation ) and direct insurance which we all know to be less comprehensive and or more expensive. These reforms which ASIC support will be the next big issue for ASIC in the insurance space as consumers face poor claims outcomes as they were forced into these products without knowing the differences in quality and price.
Fixing the problem that ASIC has identified is simple under the current rule, it just requires the three major players to do their job, ASIC (police) which they are now starting to do, licensees be responsible for their AR's actions (withdraw AR status on known offenders) and Insurers not dealing with the known offenders or encouraging some of these behaviours.
It's simple, effective and doesn't require more regulation.
1. Code of conduct Hmmmm, not one word in it about looking after the interests of clients!
2. Remuneration, thanks for HALVING our income and setting us on a path to only 20%, being a fifth our income (my husband and kids send their thanks).
3. LIF 'seismic reform' only seismically increases banks/insurers already record profits
4. LIF - Can you tell us one consumer benefit and prove it?
5. Democracy - did you give your members the opportunity to vote on whether they support the seismic industry changing legislation?
6. EGM - so many members in so short a time want to have their say on the LIF, can you ignore all of them?
7. There was no DIRECT correlation with upfronts with ALL advisers in ASIC 413
Please tell us one benefit for consumers in the LIF that you so ardently support.