The long-running project has been shelved after a devastating Accenture report cited multiple areas of concern. ASIC chair Joe Longo said the ASX “failed to demonstrate appropriate control”.
The draft documents to be handed out in December will contain information members can use to assess whether a union between the two groups is the best way forward, FPA chief Sarah Abood tells The Inside Adviser.
While data is a big part of the Michael Birch’s new property fund play, he says the real key to running a rent roll investment is maintaining relationships.
Life insurance advisers should retain commissions at their current level, the advice review leader proposed, but only on the condition that clients sign explicit consent agreements acknowledging conflicted remuneration.
The financial services minister is looking at tackling scammers at the source: “Does our barista down the corner really need my email address, my bank details, my name and my mobile phone number just to buy a cup of coffee?”
Central banks are likely to continue inflating interest rates around the world, with the US federal reserve at the vanguard. Be wary of thinking markets have gone through the fire already, Sage Capital warns.
Tightening of central policy on a global scale is creating valuation arbitrage across the board, and creating investment opportunities for skilful managers.
Implementing the current proposal for ‘experienced’ advisers to skip the relevant degree mandate will do far more harm than good, the association argues, with both current and future advisers turned off by the plan.
The respected corporate adviser and manager is laying it all on the line after “rolling the sleeves up” on multi-faceted research for his new property-based fund.
As the quantum of advisers has decreased those that remain have consolidated client books, which has led to a higher proportion of high-balance SMSFs coming under advice.
