Reference to a positive research report will not be enough to get planners off the hook for recommending Westpoint products, Jeffrey Lucy, ASIC director told the Senate earlier this month.
Industry super slow in reporting fees
The superannuation industry is dragging its heels on reporting fee data to APRA, according to recent testimony given to a Senate committee.
Costs up but where’s the benefit, IFSA asks
Increasing volumes of regulation and compliance has come at a great cost to the financial services industry and consumers, according to new research released by the Investment and Financial Services Association (IFSA).
Global LPTs targeted by new wholesale funds
Listed property specialist Cohen & Steers has launched two new global listed property trusts, seeded internally with $3 million.
… as it hunts for fresh ideas.
Young professionals in the wealth management industry have been invited to enter the new IFSA/Deloitte Future Leaders Award.
How to reduce complaints about super
Graham McDonald, the chairman of the Superannuation Complaints Tribunal, will address the next Australian Institute of Superannuation Trustees lunch to be held in Melbourne on March 30 on the subject of reducing complaints, which in total number more than 1,000 a year.
How to put platforms to the sword
Hood Sweeney Securities has found a way to dispense with the services of master funds and wraps by creating its own administration system using Xplan. Partner, Matthew Rowe, explains why in-house admin is easy.
House prices: some short-term bounce but longer-term stagnation
With an upturn in housing finance for the first time in two years and improved auction clearance rates in recent weeks property owners and investors may be tempted to think the slump is finished. They shouldn’t be.
Macquarie Fortress Notes – Tranche 3
Macquarie offers retail investors exposure to a portfolio consisting mainly of US senior secured loans.
Alpha Strategic Fund
Absolute Alpha launches a Fund of Absolute Return Funds for the retail and wholesale markets.
Master trusts bridge performance gap, but industry funds to win super race
The investment performance gap between industry funds and commercial master trusts is likely to narrow further but industry funds will still be the major winners of increased market share over the next five years, according to the latest report from superannuation consultancy Chant West Financial Services.
ERFs caned for poor performance, high fees
Only one of 14 registered eligible rollover funds (ERFs) – the AUSfund – has combined good investment performance with low fees, according to new research by two super consultancy firms.
