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FASEA standards still lacking: FPA

ALEX BURKE  |  THURSDAY, 5 APR 2018
The Financial Adviser Standards and Ethics Authority education standards do not give sufficient recognition to existing advisers who have completed study, according to FPA chair Neil Kendall. The FPA has issued an online questionnaire to its 13,700 ...

Industry fund transformation sees rebrand

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
... release of superannuation statistics for June 2017, outlining that Rest membership grew in 2017 by 252,000 - placing it in the top 10 funds experiencing net membership growth.

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
Looking beyond 2020, netwealth technical services head Keat Chew said financial advisers must consider the prospect of small tax increases on superannuation earnings and lump sum payments. Speaking at a recent netwealth CPD event in Sydney, Chew took ...

Royal Commission to grill FPA, AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 4 APR 2018
ASIC, financial advice industry associations and dealer groups will face the latest round of public hearings in the financial services Royal Commission. Led by Commissioner Kenneth Hayne, the inquiry has called upon the Financial Planning Association ...

New insurance lead at industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 APR 2018
... Retirement Wrap (including BT Super for Life), Sunsuper, REST Industry Super, HESTA, Cbus and AustralianSuper also made the top 10. Meanwhile, funds that experienced the biggest falls in membership were AMP Superannuation Savings Trust and AMP Super ...

Chief economist update: Synchronised global slowing?

BENJAMIN ONG  |  WEDNESDAY, 4 APR 2018
... area, China, Japan, India and Australia, but improved in the US, the UK, Brazil and Russia". Yes, America still remains on top. Growth continues to improve in the US manufacturing sector. Trump still has a strong bargaining position. Then again, we all ...

Active managers must explain value better: Formica

DARREN SNYDER  |  TUESDAY, 3 APR 2018
... Adams, said the firm's Australian fixed income subsidiary Kapstream Capital remains an important part of the business. On top of flagging its new investment strategy, Kapstream is also looking at entering Australia's exchange-traded managed funds (ETMF) ...

Less than half of all super funds are gaining new members

ALEX DUNNIN  |  THURSDAY, 29 MAR 2018
... growth. Retail funds accounted for the remaining three. However, measured by percentage growth of their memberships, all the top 10 were from the retail sector. All were small retail super funds with targeted marketing pitches or funds servicing highly-focused ...

Labor's amended cash dividend refunds fall short: SMSFA

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... high-net-wealth individuals are the largest recipients, with 80% accruing the benefits, while only 20% goes to retirees. "The top 1% of self-managed superannuation funds received an average cash refund of more than $80,000 in 2014-15," Bowen said. "Labor ...

Chief economist update: The euro's doing Trump's work in the Eurozone

BENJAMIN ONG  |  TUESDAY, 27 MAR 2018
... this is a development we need to monitor closely." The euro has appreciated another 3.6% versus the greenback this year, on top of its 13.8% gain in 2017. Never mind Trump, this alone calls for a currency war for as the latest HIS Markit Economics flash ...