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1 week ago | 
professionalplanner.com.au | Chris Dastoor
David Sharpe (left), Sarah Abood
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1 week ago | 
professionalplanner.com.au | Chris Dastoor
Misha Schubert (left), Sarah Abood, Blake Briggs at the Professional Planner Advice Policy Summit
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3 weeks ago | 
professionalplanner.com.au | Chris Dastoor
The Federal Court has ordered an advice firm pay an $11 million penalty after it found the firm breached conflicted remuneration rules and its advisers provided “cookie cutter” advice. DOD Bookkeeping, which was previously known as Equiti Financial Services and is now in liquidation, had paid $130,250 in bonuses to three financial advisers who advised clients to roll over their super into SMSFs and to buy property through a related entity, Equiti Property.
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3 weeks ago | 
professionalplanner.com.au | Chris Dastoor
In a sign there is support for financial advice reform outside the major parties, independent Teal MP Allegra Spender says she believes in fixing the Compensation Scheme of Last Resort, changing the education standard and finalising the Delivering Better Financial Outcomes as “urgent” priorities. While happy to back some policy changes, the Member for Wentworth says she has also worked to prevent some of the “less good ideas” to progress.
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1 month ago | 
professionalplanner.com.au | Chris Dastoor
Trustees of the platforms that held the Shield and First Guardian funds made the choice to suspend adviser fees rather than await directive from the regulator, which is still in the midst of an investigation into Venture Egg and its principal adviser Ferras Merhi.
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1 month ago | 
professionalplanner.com.au | Beata Kuczynska |Aleks Vickovich |Chris Dastoor
The Albanese government has released draft law on Tranche 2 of Delivering Better Financial Outcomes, unveiling the replacement of Statements of Advice with the new "Client Advice Record" required to be kept on file but not issued to clients unless requested. The more controversial changes to the Best Interests Duty and introduction of a “new class of adviser” were left out, as foreshadowed by Professional Planner.
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1 month ago | 
professionalplanner.com.au | Simon Hoyle |Aleks Vickovich |Chris Dastoor
Such is the nature of memory in Australia’s superannuation system that, in the long and increasingly brutal admin debate, the name “Superpartners” has not been invoked once. Founded in 1983, Superpartners was an industry fund-owned administration platform that, at its height, handled 6.3 million super accounts across 700,000 employers totalling $80 billion in assets.
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2 months ago | 
professionalplanner.com.au | Nina Hendy |Chris Dastoor |Alexandra Cain |Oksana Patron
Property investment and funds management group, Charter Hall is anticipating the end of the decline in commercial property valuations that has challenged the market for the past two and a half years. At the group’s half year results in February, group chief executive, David Harrison, said the market had reached an “inflection point”. “Looking 10 years ahead, Australia is forecast to see its population grow by 3.9 million people,” he told investors.
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Dec 2, 2024 | 
top1000funds.com | Sarah Rundell |Darcy Song |Chris Dastoor |Amanda White
Regeneration will become a key investment theme in the future but investors will find it easier to focus on a single impact rather than try to invest according to multiple biodiversity themes, according to Gabriel Micheli, senior investment manager, thematic equities, Pictet Asset Management. For example, he said, one company may be able to produce more food on a single plot of land but with consequences for water use.
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Dec 2, 2024 | 
top1000funds.com | Sarah Rundell |Darcy Song |Chris Dastoor |Amanda White
Investors face a catastrophic risk from the loss of the world’s natural resources spanning soil to flora, fauna and minerals that underpin the global economy and provide the world’s food, medicines and built environment.
