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Chief economist update: Not as good as it gets

BENJAMIN ONG  |  MONDAY, 30 APR 2018
... (re-phrased) quote: "Oh, North is North, and South is South, and never the twain shall meet." Kim's one small step could be one big step for Korea, Asia and the world towards de-nuclearisation and peace. Just like the fall of the Berlin Wall in 1989 ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... Royal Commission: ROYAL COMMISSION: Top stories AMP kept unsuspecting clients in the dark Unions lobby super sector to cut big bank, AMP ties Advisers react to Royal Commission revelations

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... The Australian Council of Trade Unions (ACTU) calling on industry superannuation funds to review their partnerships with the big banks in a letter penned by ACTU secretary Sally McManus. See more: Royal Commission singles out 325 NAB staff cutting corners ...

Royal Commission bad for super: Switzer

ALEX BURKE, JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... these super funds. Supporting this, a 2017 Rainmaker pilot study of portfolio holdings disclosure by super funds found the big four banks were among the top 10 holdings of all participating super funds. "Where it gets complicated for the industry funds ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle. AFA chief ...

Heffron partnership to offer robo-SMSFs

HARRISON WORLEY  |  FRIDAY, 27 APR 2018
... two firms to simplify SMSFs. "Both Six Park and Heffron have a vision of bringing expertise normally only available at the big end of town to everyone," she said. "By that, we mean taking something that can be complex and making it accessible and simple ...

Baby boomers unprepared for wealth transfer: Australian Unity

HARRISON WORLEY  |  FRIDAY, 27 APR 2018
... contested wills are successfully changed," he said. "Ensuring safeguards are in place so that money goes where it's intended is a big part of estate planning. "This means careful financial structuring to protect the transfer of wealth from one generation ...

IFM partners to launch global property manager

HARRISON WORLEY  |  THURSDAY, 26 APR 2018
... that it says will focus on core properties in Pan-European cities. Additionally, IPFM said that it will embed its proprietary big data tool Market Intelligence System (MIS) within its investment approach, allowing it to analyse sets of macroeconomic ...

Royal Commission grills professional associations

KARREN VERGARA  |  THURSDAY, 26 APR 2018
The Royal Commission scrutinised the shortcomings of professional associations' ability to protect clients against inappropriate financial advice and the lack of urgency in resolving complaints. The Commission recommenced with Financial Planning Association ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... thought that if I went to an independent financial adviser I wouldn't be subjected to the product flogging associated with the big banks and yet all I'm being flogged is Henderson Maxwell's own products and services...The advice was so poor that I all ...