Tighter anti-hawking laws urged against ‘dodgy advisers’

Superannuation/switching/financial-advice/ASIC/government/

Tighter legislation is being urged around anti-hawking laws to prevent ‘dodgy advisers’ from scamming consumers to switch superannuation funds.

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1 year on since QAR: What’s changed?

quality-of-advice-review/Stephen-Jones/senate/Michelle-Levy/Senate-Economics-Legislation-Committee/

As the FAAA and FSC prepare to appear before the Senate economics committee today to discuss the QAR, the date coincides with one year since the government published its first formal response.

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Is it time to reverse the 60/40 allocation?

bonds/fixed-income/PIMCO/asset-allocation/portfolio-construction/

The secular backdrop for the next five years invites advisers to reverse the typical 60/40 per cent equity and bond asset allocations in portfolios, according to PIMCO fixed income experts.

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Organic v inorganic: What’s the best route for client growth?

EY/financial-advisers/wealth-management/client-engagement/

As clients exhibit their willingness to “test the waters” with their wealth providers, an EY leader underscores why client retention is vital for financial advice firms to grow before considering M&A deals.

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Prime Financial announces plans for 2 acquisitions

prime-financial-group/Prime-Financial/mergers-and-acquisitions/M&A/

Prime Financial is driving forward its inorganic growth strategy as it looks to acquire a remuneration administration business and is in talks with a Melbourne-based wealth management firm.

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HUB24 appoints former MLC exec to board

HUB24/platforms/Andrew-Alcock/boards/

Platform HUB24 has appointed a former MLC and NAB senior executive to its board as a non-executive director.

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Platinum regroups after heavy FUM losses

Platinum/Platinum-Asset-Management/outflows/FUM/

Platinum Asset Management has seen redemptions plateau in May following heavy outflows in the past two m

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Advisers capitalise on private markets appetite

private-markets/private-capital/financial-advice/asset-allocation/financial-literacy/

The investment appetite for private markets climbs higher as 70 per cent of advisers say they plan to raise clients’ allocations to the asset class and adviser education strengthens.

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EOFY tips for ETF investors

ETFs/end-of-financial-year/EOFY/tax/

With the end of financial year fast approaching, there can be tax benefits for clients holding ETFs over other types of investment.

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Treasury launches consultation on QAR draft regulation

quality-of-advice-review/Stephen-Jones/financial-advice/

Ahead of a public hearing this week, the government has commenced a consultation on draft regulations to support the implementation of the first tranche of Quality of Advice Review reforms.

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