John Kavanagh
505 Articles0 Comments

So much more than an advice fee consent form

Advisers will have to do more than seek the consent of their clients to maintain ongoing fee arrangements. They will have to warn of any loss or reduction of benefits that result from paying those fees. They will also have…

Fintechs face a stress test

The fintech sector has been on a steep growth trajectory over the past couple of years, especially in areas such as payments. Investors have been happy to contribute to capital raisings for companies that are still in start-up mode, with…

ESG’s next big thing

Responsible investing is evolving quickly, with the latest development a move to create an accounting system that will measure the environmental and social impacts of business activity, alongside financial impacts. The Harvard Business School has launched an initiative called the…

Capital raisings at risk

A number of companies have had to abandon or scale back capital raising plans, as increasingly volatile markets throw business plans into turmoil. Credit fund managers Neuberger Berman and Metrics Credit Partners have withdrawn capital raising offers, as has regional…

Government consults on new work test rules

The Government has released a draft bill for consultation, outlining measures to provide greater flexibility in the superannuation system for older Australians. The bill includes three changes: • the age at which the work test starts to apply for voluntary…

Robo evolves to meet changing needs

Robo advice, which started out as a service to help people meet their financial goals through investment in portfolios of ETFs, has expanded in a number of directions over the past couple of years, as wealth companies find new uses…

Not much ticket left to clip

Regulatory changes to fee and commission arrangements, as well as competitive pressure on fees, are having a big impact on companies with business models built around taking a share of those revenues. Over the past few weeks, the interim financial…

AFSL hurdle set higher

The new “fit and proper” test that ASIC will apply to all Australian financial services licence applicants will be a higher threshold than the old “good fame and character” test. Recommendations of the 2016 ASIC Enforcement Review Taskforce that the…

Buyback outcomes show benefits of post-tax reporting

A spate of share buybacks in recent years has revived debate about whether investors would be better off if fund managers and super funds reported performance on a post-tax basis. Investment consultant Parametric argues in a new paper on the…

Planning for SG amnesty? Your time starts now

Accountants and advisers will have their hands full over the next few months, helping business clients review their superannuation guarantee compliance status. Now that the Government’s Superannuation Guarantee amnesty bill has passed, employers will need to work out if they…