Advisers face difficult conversations around super fund switching

HUB24 netwealth CFS APRA your future your super

| By Rhea Nath |

The extension of the APRA performance test to trustee-directed products could lead to difficult conversations for advisers if tax events mean their clients are unable to switch funds, according to a panel.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Advice industry seeing ‘more tailwinds than headwinds’

mergers and acquisitions M&A financial advice

| By Laura Dew |

Financial planning

For the first time in years, the financial advice market is seeing tailwinds rather than headwinds, according to Forte Asset Solutions director Stephen Prendeville.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former RBA governor foresees accountability problem ahead for Bullock

RBA monetary policy Jim Chalmers

| By Rhea Nath |

Funds management

Former RBA governor Ian Macfarlane has warned Michele Bullock’s job will be much harder than any of her predecessors if the RBA Review is implemented, deeming the proposed model a “very bad plan”.

AUTHOR

Rhea Nath

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What does APRA's Lonsdale think about banks re-entering wealth?

APRA john lonsdale Retirement Income Covenant retirement

| By Laura Dew |

Funds management

APRA chair John Lonsdale believes it is a “strategic priority” that there is an appropriate suite of products for people approaching retirement, which could include from banks.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Solid month for new entrant gains

Wealth Data new entrants

| By Laura Dew |

Financial planning

There have now been four consecutive weeks of double-digit rises in the number of new entrants joining the financial advice industry, according to Wealth Data.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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How did super funds perform in Q3?

SuperRatings superannuation funds fund performance

| By Laura Dew |

Superannuation

SuperRatings has released the latest data for superannuation fund performance in the third quarter of 2023.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Only half of ASIC referrals result in convictions in FY22-23

ASIC cdpp senate

| By Laura Dew |

Financial planning

The conviction rate for cases referred by ASIC to the Commonwealth Director of Public Prosecutions has fallen to half compared to 100 per cent in the year prior.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Shake-up on horizon for NSW investment management

TCorp NSW fund management

| By Laura Dew |

Funds management

Daniel Mookhey, NSW Treasurer, is encouraging TCorp to focus on its ESG framework in a bid to become a leader in Asia Pacific, and highlights a shake-up to the state government’s investment funds.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The Q3 investor trends: Calastone

Calastone managed funds fund flows property

| By Laura Dew |

Funds management

Property funds have seen record quarterly outflows in the third quarter of 2023 while investors have demonstrated a bias to Australian equities over global ones, according to Calastone.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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BT Panorama's battle to ‘win advisers’ hearts and minds’

BT bt financial group westpac BT Panorama

| By Laura Dew |

Financial planning

The decision by Westpac to retain the BT Panorama platform should be welcomed by the industry, according to platform researcher Recep Peker, as a way of intensifying platform competition and improving its functionality.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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