news

• ASIC suspends work on MDA consultation paper

  ASIC has announced that as at 23 March 2020 it has immediately suspended a number of near-term activities which are not time-critical,including a consultation paper on Managed Discretionary Accounts...

• ASIC updates Regulatory Guide 97: Disclosing fees & costs in PDSs & Periodic Statements

  Updated guidance gives more clarity on how superannuation & managed investment product issuers & platform operators should disclose fees & costs.

• Australia to permanently change post COVID-19

  Australia will be a much different place as it emerges from the COVID-19 crisis, with Australians’ work, life and travel permanently changed by the pandemic, according to a new report by KPMG.

• Coronavirus: What should advisers and managers do next?

  As the coronavirus pandemic hits many countries and businesses hard, Chris Addy CEO - Castle Hall Diligence provides some timely tips to help financial advisers and investment managers navigate this period of uncertainty.

• Diversity and inclusion: 4 rules for high-performance teams

  Gihan Perera provides four ways for leaders to tap into the diversity of their people to build high-performance teams, by making the most of the diverse background, skills, talents and behaviour of every team member.

• Hard times won’t last forever

  Vincent Holland of Plutosoft explains how, an advisory firm can succeed both now and beyond the COVID-19 crisis.

• IMAP calls for FASEA Standard 3 review

  The IMAP Regulatory Group, chaired by Jenny Mulders of QRC Consulting, has written to FASEA CEO, Stephen Glenfield, outlining existing structural problems with the FASEA Code of Ethics, and calling for calls for a review of FASEA Standard 3. This standard became a legal requirement for all financial advisers from 1 January 2020

• IMAP Milliman Managed Account FUM Census Results as at 30 June 2019

  Managed Accounts Grow $9.26bn for first 6 months of 2019 – Net inflows double
  IMAP (The Institute of Managed Account Professionals Ltd) in conjunction with Milliman has released the latest data in its 6 monthly Managed Accounts FUM Census series. 

  As at 30 June 2019, Funds Under Management (FUM) in Managed Accounts stood at $71.383 bn,
  (an increase of $9.263bn on the 31 December 2018 FUM total of $62.12 bn).

• IMAP Milliman Managed Account FUM Census Results as at 31 December 2019

  Latest FUM census shows Managed Accounts hold $79.29 bn as at 31 Dec 2019
  IMAP (The Institute of Managed Account Professionals Ltd) in conjunction with Milliman has released the latest data in its 6 monthly Managed Accounts FUM Census series. 

  As at 31 December 2019, Funds Under Management (FUM) in Managed Accounts stood at $79.29 bn,an increase of $7.9 bn on the 30 June 2019 FUM total of $71.383 bn.

• Investors turn to managed products

  The outlook of Australian investors for domestic stocks remains subdued in the opening months of 2020, despite the market’s strong performance in 2019. According to findings from the Investment Trends’ Investor Product Needs Report

• My Perspective - The small things count

  What we are all going through with COVID-19 is no small thing. However, as Guy Vicars writes, it’s the small things you do, for yourself and for others, that will make a big difference, as we emerge out the other side of this pandemic.

• News

• No retirement for investments

  Managing a retirement portfolio for income and growth can be tricky in a low return market, especially if you are reliant on that income. Kris Walesby believes a diversified approach to investing will assist with both growth and income.

• Perspectives

   

• Regulatory reviews on top of agenda - IMAP Regulatory Group

  The IMAP Regulatory Group was invited to participate in an open forum with ASIC, based on the surveillance ASIC conducted during 2019 on platform operators, SMA and MDA providers. PLease read on for an update as at March 2020.

• The boring approach is best

  With continuing concern on the economic impact that may be caused by the COVID-19 virus, Michael Karagianis - Jana believes it’s best to take a conservative approach to investing during these times of heightened risk.

• The changing landscape of ESG investing

  Have the summer bushfires and COVID-19 pandemic changed the investing landscape? Speaking at the 2020 IMAP Adviser Roadshow, Leah Willis, Charles Stodart and Mary Campbell provide their views.

• The four keys to business survival

  Building the right foundations for any advice business will help drive success through these challenging and unprecedented times. Jonathan Hoyle talks to Jayson Forrest about the key drivers that support growth in a high performing business

• The rise of specialist advice businesses

  “I think that businesses in the future will have an element of specialisation. They still might offer a raft of different services, but advice businesses will increasingly become deep and narrow with their skill set. The days of having generalists providing a bit of everything will become increasingly limited.”

• The State of the MDA Market

  David Wright, CEO Zenith Research and Toby Potter, Chair IMAP discuss the state of the managed accounts market, as the industry rides out the COVID-19 pandemic.