Financial Standard

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |    12:44PM   Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will hear.

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA   The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million.

Discover the best performing asset class of 2023: Mercer

ANDREW MCKEAN  |    12:49PM   2023 proved to be a great year for investors, with all but one asset class delivering a positive return.

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |    12:46PM   Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

UniSuper selects new group insurer

JAMIE WILLIAMSON   After more than a decade in business, UniSuper has dropped TAL as its group insurer.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN   The Reserve Bank of Australia left interest rates unchanged again this month - but another hike could be on the cards.

South Australia recognised as 'economic leader'

ANDREW MCKEAN   South Australia leads in economic performance across all Australian states and territories, according to the CommSec State of the States quarterly report.

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |    12:55PM   A review by ASIC has found evidence of poor oversight of advice fee deductions by superannuation trustees, with some allowing charges of up to $20,000 before raising concerns and some not conducting any checks of advice documents at all.

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |    12:27PM   J.P. Morgan was hit with the fine for permitting suspicious client orders to be placed on the futures market.

HESTA names chief financial officer

ELIZABETH FRY   With 20 years of experience spanning the finance, healthcare and government sectors, Natalie Kelly was appointed finance chief after serving in an interim capacity since March.

Blue Owl hires from Fidelity for APAC private wealth lead

ELIZA BAVIN   The new managing director and head of APAC private wealth will be based in Hong Kong.

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |    12:50PM   UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation.

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |    12:44PM   Super Members Council has slammed the Coalition's super for housing plan yet again, saying it could cost taxpayers.

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON   The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks.

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN   Most pension fund managers and institutional investors plan to increase their exposure to Vietnam over the next three years, according to research from Dragon Capital.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.