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'Our fears were warranted': Chant West proposes YFYS alternative

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... the benchmark is simple and avoids all the technical arguments that are being debated over the current model. It's also not reliant on a particular methodology to classify what growth assets are, and the calculations are simpler than at present. ...

HESTA commits $240m to build-to-rent pipeline

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... completed assets." There are society-wide negative impacts associated with the housing affordability crisis, Daff added. "It was not that long ago we were worried about how ordinary working Australians were able to purchase their first home - we have ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... registration or an AFSL, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law," ASIC deputy chair Sarah Court said. "ASIC is aware that many consumers ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... Appearing alongside FPA chief executive Sarah Abood, Levy explained she has been listening keenly to industry feedback. "I am not at this stage proposing big changes to the proposals," she confirmed. Levy explained one amendment will be around good advice. ...

The challenge of articulating value of ongoing advice

CHLOE WALKER  |  WEDNESDAY, 23 NOV 2022
... us to actually continue to demonstrate our value and also get our clients to advocate for the fact that financial advice is not just sitting down and talking about investments. It is more of that extra stuff, the non-financial stuff that we actually ...

Advising an ageing population

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... retirement, but we really need to help people working from 50-plus," he said. Scott commented that heading into later years it's not just about the individual and their savings plan; it's about how they can support a career that creates a feasible ...

Affordable housing investments a win-win: ISA

ANDREW MCKEAN  |  WEDNESDAY, 23 NOV 2022
A Frontier Advisors report ' Super in the Economy ' commissioned by ISA says that affordable housing's longer-term leases backed by government guarantee and low vacancy rates will deliver stable long-term returns that are resistant against ...

RBA governor cites climate, energy transition in inflation response

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... know this all too well in Australia, where recent floods are one of the factors pushing inflation up at present. But it is not just food production that is affected by extreme weather. "It also disrupts the production of commodities and the transport ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... policies and procedures it failed to follow with intermediaries and the funds' board of trustees, the SEC said. Goldman Sachs did not admit or deny the conduct but agreed to a cease-and-desist order, a censure, and a US$4 million fine. "In response to ...

Never been more optimistic: Abood

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... profession and believes next year will mark a "great reset." "There has been talk about adviser numbers being down but let's not forget that new entrants are joining our profession as well," she said. "Trust in financial planners is increasing from ...