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Showing 161 - 170 of 602 results for "IMA"

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
Financial advisers must act to repair the trust deficit or risk being superseded by superannuation funds. That's according to advisory and accounting firm HLB Mann Judd's Michael Hutton, who warned of the threat the changes could have to financial ...

Super fund rebrands

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
Following numerous cases of mistaken identity, a $2 billion industry superannuation fund has rebranded. EISS Super, or the Electricity Industry Superannuation Scheme, has changed its name to ElectricSuper. "We're still the same fund, offering great ...

Sophistication: More than money

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
Under the FASEA Code of Ethics the amount of money an individual has to invest can no longer be relied upon to determine whether they are a sophisticated investor or not. Sophisticated investors are defined by ASIC's Money Smart as investors with a ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable. APRA released the first iteration of its MySuper heat ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

FASEA under pressure on managed accounts

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
The Financial Adviser Standards and Ethics Authority is under pressure to clarify its stance on all forms of managed accounts. FASEA chief executive Stephen Glenfield confirmed he has met with the Institute of Managed Account Professionals and is considering ...

Tech-powered is empowered: SOAs

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
With no legal or regulatory barriers to using technology to deliver advice, the Financial Planning Association of Australia is confident the future of your practice is paper-free and prosperous. Earlier this year, the FPA established The Future of the ...

Results of ASIC MDA review imminent

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
The Institute of Managed Accounts Professionals (IMAP) has released its submission to ASIC as the regulator reviews managed accounts, with a special focus on managed discretionary accounts (MDAs). This comes ahead of the results of ASIC's review of ...

FASEA ethics pose risk to managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
The Institute of Managed Accounts Professionals (IMAP) has made a submission to the Financial Adviser Standards and Ethics Authority, questioning its consideration of conflicts of interest in the Code of Ethics. IMAP said Standard 3 in the FASEA Code ...

Big Super Day Out success, but more to be done

HARRISON WORLEY  |  THURSDAY, 19 SEP 2019
The First Nations Foundation's 2019 Big Super Day Out reconnected more than $9.5 million in superannuation with Indigenous Australians. Taking off in July, the Indigenous-led super roadshow hit Darwin, Kununurra and Broome before heading to East Arnhem ...