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Bill to defer adviser education standards tabled

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
The bill to defer the education and training standards for existing financial advisers was introduced in the House of Representatives today. The bill was circulated by the authority of Michael Sukkar, minister for housing and Assistant Treasurer. It ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
Australia's economic growth accelerated to 1.7% in the year to the September quarter from 1.6% in the June quarter, justifying Reserve Bank of Australia (RBA) governor Philip Lowe's oft-repeated claim that, "the Australian economy appears to ...

AMP given the boot by AFL

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
... Post's default superannuation fund to AustralianSuper. Hostplus declined to comment. AMP did not comment by the deadline. Read more: SelectingSuper award winners for 2019 included Hostplus as the best long-term performer.

China still positive despite unrest

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
There is a strange tug-o-war occurring in Asia at the moment. On the one hand every man and his dog is trying to tap into the wonders of China as an emerging market, and on the other there is mayhem as one of the nation's major financial hubs suffers ...

Chief economist update: Bah humbug

BENJAMIN ONG  |  TUESDAY, 3 DEC 2019
"Have yourself a merry little Christmas, Let your heart be light From now on, Our troubles will be out of sight..." - Judy Garland Yes, Virginia, it looked like that over the past few weeks and into the first days of the Christmas month. The rally in ...

Money magazine appoints editor-at-large

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2019
Rainmaker Information has announced the appointment of an editor-at-large for Money magazine. Author and finance writer Julia Newbould has joined the Money team in the newly-created role of editor-at-large. Bringing more than 20 years' finance journalism ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
It might be a mere 0.2 point above the line but it was indication enough that China's manufacturing sector has stopped contracting. The official National Bureau of Statistics (NBS) China manufacturing PMI increased to a reading of 50.2 in November ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

FASEA exam tips from those who passed

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... response, an audience member asked: "Has FASEA considered pruning the Corporations Act to the relevant areas for advisers to read for the exam?" Glenfield agreed that was a sensible suggestion but said FASEA has tried to bring forward the most relevant ...

Tech-powered is empowered: SOAs

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... consumers tested said they much preferred a digital SOA and the ability to engage with and learn from their advice rather than read paper-based SOAs, the FPA said. Digital delivery enables better understanding of and engagement with an SOA's content ...