AMP BOLR settlement approaches conclusion

amp/bolr/Alexis-George/

The case management hearing for AMP’s BOLR proceedings to approve the $100 million settlement sum has been given a rescheduled date after two cancellations.

AUTHOR

The allure of active ETFs for financial advisers

Dimensional/ETFs/active-ETFs/

Financial advisers’ appetite for active ETFs as a cost-effective investment solution continues to grow, according to Dimensional Fund Advisors, as advice firms look to manage costs while servicing more clients.

AUTHOR

International equity ETFs pass $1bn in monthly inflows

BetaShares/ETFs/cryptocurrency/international-equities/

Over $1 billion in inflows went into international equity ETFs with two funds receiving over $150 million each in February, according to Betashares.

AUTHOR

Consultation opens on super performance test design

Superannuation/performance-test/Jim-Chalmers/treasury/

Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.

AUTHOR

Salaries taking up almost half of advice firm revenues

recruitment/Business-Health/salaries/remuneration/

Advice practices say salaries are taking up almost half of their revenue as the battle for talent heats up in an environment of adviser shortage, according to Business Health and the FAAA.

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How much would unadvised Aussies pay for advice?

investment-trends/advice-fees/

Investment Trends has uncovered the amount of money unadvised Australians are prepared to pay for financial advice, with 1.3 million individuals planning to see an adviser in the next two years.

AUTHOR

Cash is king for practice buyers

cash/selling/financial-advice/Radar-Results/

Almost half of financial services businesses are being sold for cash with sales of up to $8 million, significantly reducing the time taken for parties to transact.

AUTHOR

Platinum reports largest net outflows for six months

Platinum/Andrew-Clifford/FUM/fund-flows/

Hot on the heels of announcing its turnaround strategy, Platinum Asset Management has shared its latest fund under management figures, reporting its largest outflows for six months.

AUTHOR

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