Managing the risk of recovery in financial portfolio transfer transactions

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We’ve recently noticed that both buyers and sellers have heightened concerns about their risks and exposures when transferring financial advice portfolios. Both are looking for different ways to manage their financial risk of recovery. Sellers want to know what their liabilities and obligations to the buyer are and when they will end. While buyers want certainty […]

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Advisers: what do they say when a client asks for Bitcoin in their portfolio?

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Australia’s newest crypto exchange and broker wants to help advisers manage the ‘Bitcoin question’. Mine Digital CEO, Grant Colthup, believes more advised clients will seek to broaden their portfolios to include digital currencies. He is seeing more investors seeking bid prices for buying Bitcoin or one of the other cryptocurrencies. “The Bitcoin/crypto question will start […]

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ASIC research confirms the need for change, says Australian robo advisor

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Leading Australian online investment provider, Six Park, says ASIC’s latest report (Financial Advice: What Consumers Really Think) confirms the need for industry change and showcases the great opportunities that lay ahead. Six Park co-CEO Pat Garrett said the research supported what was already anecdotally known throughout the industry – high fees and low trust are […]

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Zenith announces 2019 Fund Award Finalists

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Zenith Investment Partners is proud to announce the finalists for the 2019 Zenith Fund Awards. The Awards, now in their 8th year, recognise the top talent in the funds management industry across 22 categories and rely on Zenith’s independent insights and experience in assessing investment capabilities. Zenith’s Managing Partner David Wright believes the Awards provide an opportunity to honour […]

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MetLife Australia awarded Life Insurance Company of the Year in Australian Insurance Industry Awards

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MetLife has been named Life Insurance Company of the Year at the ANZIIF Australian Insurance Industry Awards. MetLife CEO Richard Nunn said: “We’re delighted to have won the Life Insurance Company of the Year award. It’s testament to the hard work and dedication of our staff and what we have achieved in the last year. […]

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Why leaders must learn to connect to improve engagement

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The ability to build trust, engagement and connection is now a critical skill at the leadership level. A day in the life of a leader comprises many management tasks: overseeing work performance, managing improvement initiatives, reporting to stakeholders and juggling a multitude of priorities that never seem to end. Yet additional pressures mount in today’s […]

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Deal trends: Warranties and indemnities in the sale of financial advice portfolios

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The sale of financial advice portfolios is on the rise and both buyers and sellers are finding new ways to allocate risk. In this post, we put the current deal trends under the microscope. Following the Royal Commission, and as we move towards the deadlines for new FASEA requirements to be implemented, it’s become a […]

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‘Growth’ and ‘defensive’ labels don’t tell advisers what they need to know

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Financial advisers must have a thorough understanding of where superannuation products allocate funds rather than relying on labels to make recommendations, according to leading research house Lonsec. There has been a long-running debate on how certain asset types should be categorised, with investment managers and super funds often having different stances on which assets to […]

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Lenders may need to vary their licence to sell at POS

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Financiers who distribute through retailers may need to vary their licence in preparation for the end of the point-of-sale (POS) exemption. The exemption was flagged to go by the Royal Commission. The credit representative model is the most obvious one to replace it. This will place financiers in a similar position to those who distribute insurance […]

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CPD: Insurance and business succession planning

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A Business Succession Plan is a strategy for the smooth and orderly handover of a business from one owner/manager to another in particular circumstances, such as the planned or unplanned departure of one partner from the business. This article from Zurich examines the importance of both a sound succession plan and having the appropriate insurance […]

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