Weekly market & economic update – week ending 23 May, 2014

From

Investment markets and key developments over the past week Most share markets managed to rise over the last week, but the lack of momentum seen all year remains a feature.... Read more continue reading

Retail investors and SMSFs set to benefit from ASX mFund settlement service

From

Equity Trustees and its award winning investment manager partners PIMCO, LaSalle and SG Hiscock & Company have made 14 funds available on the mFund settlement service, with more set to... Read more continue reading

Future of Financial Advice: FPA releases FoFA White Paper

From

The Financial Planning Association of Australia (FPA) says a relevant and professional future for financial advice in Australia must uphold and adhere to the fundamental principle of preserving the best... Read more continue reading

Phil Kearns to depart as Chief of Centric Wealth

From

The recently acquired Centric Wealth announced yesterday that Phil Kearns will be departing as CEO on 30 June 2014. Centric Wealth was acquired by Findex Australia Pty Ltd (Findex) in... Read more continue reading

ASIC reviews MySuper product dashboards

From

ASIC has issued further guidance to superannuation trustees about their obligation to produce a product dashboard for MySuper products, following a review of existing MySuper product dashboards. ASIC reviewed a... Read more continue reading

AFA confirms views on FoFA Amendments

From

The Association of Financial Advisers (AFA) yesterday presented to the Senate Economics Legislation Committee on the FoFA Amendments and expressed the need for the Amendments to be supported. Attended by... Read more continue reading

Risk and Compliance elevated to separate business unit – Amanda Noble appointed to new executive role

From

Amanda Noble has joined Equity Trustees Limited in the newly created role of Head of Risk and Compliance. Reporting directly to Managing Director, Mr Robin Burns, she will head up... Read more continue reading

OneVue purchases award-winning SMSF business

From

Wholesale superannuation solutions provider OneVue has purchased the award-winning SMSF administration business formerly owned by Super Managers Australia. OneVue group chief executive Connie Mckeage said the SMSF administration business, which... Read more continue reading

Triple A at risk? Reserve Bank stresses stability

From

RBA Board minutes Triple A Credit rating: The Financial Review has reported in an “exclusive” today, that “Rating agency Standard and Poor’s is warning Australia’s prized AAA credit rating could be reviewed... Read more continue reading

FoFA run out tide exposes naked truth of product sales dressed as advice

From

The Financial Planning Association of Australia (FPA) says the gravitational pull of consumer demand cannot be ignored and will strip bare the stark difference between product sales and appropriate, consumer-centric... Read more continue reading