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FPA launches FASEA policy, education hub

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2019
Financial advisers can now access up to date and easy to understand information about education policy developments via an online education hub from the Financial Planning Association of Australia. The FPA's Return to Learn portal was rolled out this ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... could not continue to provide such strong contribution going forward without negatively impacting the Budget. Just have a read at what the ABS said about this: "Government final consumption expenditure rose 1.8% in the December quarter 2018 and remains ...

Why this HNW adviser avoids hedge funds

KANIKA SOOD  |  TUESDAY, 5 MAR 2019
... you just have to diversify," he says. Viola spoke to Financial Standard as a part of our latest feature on Alternatives. Read more ( paywall) to find out how HNWs and large superannuation funds are accessing the asset class.

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
A financial advice industry association is looking to take the Government to the High Court over the planned ban on grandfathered commissions, arguing the changes may not be constitutionally valid. The Association of Independently Owned Financial Professionals ...

Chief economist update: Time to pig out on China shares?

BENJAMIN ONG  |  MONDAY, 4 MAR 2019
The "Year of the Pig" is turning out to be what it signifies - prosperity, good fortune and success. This is no truer than from the land the 12 animal signs of the lunar calendar zodiac originated - China. This is against consensus expectations that ...

'Best in show' a no go: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
The Productivity Commission's recommendation of a 'best in show' list for superannuation funds will not be adopted, according to KPMG. In a new report, KPMG states it is highly unlikely a shortlist of default super providers will eventuate. This is ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
FASEA's recently confirmed Code of Ethics will require advisers to act well above the basic behavioural standards expected of them. Addressing delegates on day two of the Self-Managed Super Fund Association National Conference in Melbourne this week ...

Chief economist update: Nerves of steel

BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
Could it be? Could it be that Westpac's chief economist Bill Evans has just gotten one up on me? Nah Virginia, me don't want to "kill Bill", we economists may not see eye to eye but we stick together. More so that Bill's come around to my ...

Prime Value recruits former super fund chief

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... Standard to spoke to chief investment officer and portfolio manager of Australian equities ST Wong about market turbulence. Read it here.