Munro fund wins hedge fund award

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The Munro Global Growth Fund has won the  best Long Short equity Fund category at the 2020 Hedge Funds Rock Awards. The Hedge Funds Rock + Australian Alternative Investment Awards were established in 2005 to recognise and honour the industry’s top performers. Finalists are decided based on a combination of quantitative and qualitative factors agreed by... Read more continue reading

Zurich and OnePath Life launch industry-wide mental health support for financial advisers

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Timed in recognition of R U OK? Day, Zurich Life & Investments and OnePath Life have launched a Holistic Adviser Wellbeing Toolkit, an industry-first that provides mental health and wellbeing support for financial advisers. The Holistic Adviser Wellbeing Toolkit is comprised of two parts: My Wellbeing Hub CPD-accredited training modules hosted on _Zone, the new on-demand... Read more continue reading

How to balance client time with practice development

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A genuine challenge for advice firms right now is balancing client time as well as do all the work necessary to lift standards and improve business systems.  There are after all only so many hours in a day, but then there are deadlines for when new standards and rules have to be met if one... Read more continue reading

Are you a GOOD Adviser?

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Another week and another bad adviser horror story in the local press…yet, another week and thousands more consumers work with their good adviser privately and attract no headlines. They just make progress quietly towards their savings or investment goals, or protecting their families, or building financial safety nets, and so it goes on… On the... Read more continue reading

Financial planner numbers hold steady despite macro headwinds: 2020 Planner Business Model Report

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Leading research firm Investment Trends has released its 2020 Planner Business Model Report, an in-depth study of Australian financial planners and their business support needs. Key highlights: Financial planner numbers hold steady despite macro headwinds Planners have minimised client attrition, but profitability growth remains a challenge The cohort of self-licensed planners continues to expand rapidly... Read more continue reading

Peak Re CEO Franz Josef Hahn named ‘Reinsurance CEO of the Year’

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Peak Reinsurance Company Limited (Peak Re), a Hong Kong-based global reinsurer, is delighted to announce that Franz Josef Hahn has won the ‘Reinsurance CEO of the Year’ accolade at the Reactions London Markets Awards 2020. The prestigious award recognises “a CEO who led a successful and highly regarded reinsurer during calendar year 2019. [The winner]... Read more continue reading

CPD: Ethics – the ‘grey’ zone

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FASEA’s Code of Ethics seeks to impose ethical duties that go above the requirements of the law. It’s designed to encourage and embed higher standards of behaviour and professionalism in the financial advice industry[1]. However, while laws may be clear, anything open to subjective interpretation can be prone to ‘grey areas’ – not everything is... Read more continue reading

History repeats – The risks of inadequate due diligence

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Exposure to historical non-compliance can be fatal for purchasers but many don’t include it in their due diligence. ASIC is on the warpath and you can be liable even if you weren’t operating the business at the time of the non-compliance. So before you purchase a business that holds an Australian Financial Services Licence or... Read more continue reading

Synchron publishes FASEA Code of Ethics ready reference book

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Synchron has published a ready reference book to help advisers understand and implement the FASEA Code of Ethics standards into their practices. Authored by Synchron Senior Compliance Officer, Stefanie Georgiades, the book – FASEA: Code of Ethics Policy and Procedures, outlines each of the 12 FASEA standards (the Standards), what each Standard requires of advisers, examples... Read more continue reading

An AFS licensing exemption for product issuers – intermediary authorisation

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Providing financial products to retail clients in Australia is almost impossible unless you hold an Australian financial services (AFS) licence. The intermediary authorisation exemption is virtually the only way product issuers can avoid licensing provided it’s used correctly. What is an intermediary authorisation? An intermediary authorisation allows an unlicensed product provider to operate by entering... Read more continue reading