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Open banking to charge on

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
The consumer watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
ASIC has cancelled the AFSLs of three firms, including that of former advice dealer group MyPlanner. The regulator has cancelled the Australian financial services licence of the licensee formerly known as MyPlanner Australia. The Gold Coast-based licensee ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... adviser stuck in isolation without a printer and with a client who had no email address, the adviser wondered whether he could read financial disclosure statements over the phone. Now that social distancing efforts have ramped up and those over 70 have ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... article originally appeared on the front page of Financial Standard's March 30 fortnightly print edition, which can be read online here.

Return of the king

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Holding cash as part of your portfolio may not be sexy, but in uncertain times investors are rushing back to old faithful. In January this year, Financial Standard published a piece on cash management and all those who held cash also held the same mentality ...

Lonsec recommends PCFM fund

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... given their rates of growth. Part of this story is an excerpt from Financial Standard's latest feature on global equities. Read it here.

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
Speaking to Financial Standard, Hostplus chief executive David Elia has said it's the super funds with higher average account balances that should be worried about the impact of the early release scheme. Hitting back at public commentary suggesting ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
AMP has delayed the successor fund transfer of one of its superannuation clients, who previously decided to switch to another fund, citing current market volatility. Anglican National Super in October 2018 decided it would end its 14-year long relationship ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... activities, such as administration, are operationally resilient to ensure ongoing processing of member benefits," the letter read. "Trustees should be scenario testing their critical functions and determining (in conjunction with outsourced providers) ...

ASX suffers worst quarter in over a century

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
The ASX suffered the worst quarter in over 100 years, but is putting the past behind it to rebound at the open today. Both the S&P/ASX 200 and the S&P/NZX 50 portfolio completed their worst monthly and quarterly declines this century, sliding 21% and ...