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Financial Standard launches Good Investment Guide, Investment Leadership Awards

STAFF WRITER  |  WEDNESDAY, 21 FEB 2018
Financial Standard this week released the first edition of 'The Good Investment Guide - Managed Funds Edition', an educational investment handbook aimed at self-directed investors and finance professionals. The guide features a primer on the managed ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
The director of a financial services firm is excluded from the industry for five years after failing to comply with best interests obligations when consolidating clients' superannuation. ASIC has accepted an enforceable undertaking from David Orth ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
About one in 10 financial advisers swapped their licensee in 2016-17 - and 56% of these either stayed in or migrated to non-institutional options, according to Rainmaker research. Another third of those 2100 advisers migrated to institutional licensees ...

Commonwealth Bank recruits Suncorp executive

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
Commonwealth Bank has appointed a new general manager, advice professional services from Suncorp. The bank has confirmed that Ronna Ludgate commenced in the role at the end of January, leaving her position as head of distribution, conduct and professional ...

Actuaries Institute names chief executive

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
The Actuaries Institute appointed a new chief executive to further build its brand and drive the profession forward. Elayne Grace, who has been serving as acting chief executive since the start of the year, has been promoted to the top role. She replaces ...

FASEA accelerates degree equivalency agenda

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2018
FASEA chief executive Deen Sanders told the SMSF Association's 2018 National Conference that as part of the new financial adviser education regime a proposed framework for degree equivalence will be released in coming weeks. "Having heard the anxiety ...

Perennial to launch active income ETF

ALEX BURKE  |  THURSDAY, 15 FEB 2018
Perennial is launching an exchange-traded managed fund (ETMF) aimed at delivering a stable monthly income stream. The eInvest Income Generator Fund (ASX: EIGA) will invest in a portfolio of 30-35 Australian companies and, according to Perennial managing ...

LIF reforms to drive specialised advice industry

ALEX BURKE  |  WEDNESDAY, 14 FEB 2018
The advice industry post-Life Insurance Framework reforms is "bright and full of potiential" for those businesses that adopt a more specialised approach, according to Bombora Advice managing director Wayne Handley. Handley said the LIF reforms are compelling ...

Intergenerational wealth transfer at tipping point: Adviser

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
Protecting and transferring wealth between generations is prompting financial planners to provide more holistic solutions, a senior financial adviser warns. Australian Wealth Solutions principal Sam Zervides says financial advisers shouldn't dismiss ...

FPEC chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
... curriculum for bachelor degrees in financial planning. The FPA recognises Mark's commitment and dedication to advancing the profession, and we commend him on his hard work," Kendall said. Elsewhere, new figures from the Financial Planning Standards Board ...