Financial advice review: Financial advice review should start again, not cling to flawed ideas
Review chairman Michelle Levy is right to go big-picture and suggest winding back regulation that doesn’t benefit consumers.
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Review chairman Michelle Levy is right to go big-picture and suggest winding back regulation that doesn’t benefit consumers.
The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.
Although the initial announcement implied stapling would not be part of the Your Future Your Super review, financial services minister Stephen Jones confirmed today the measure will be included. He reiterated that stapling won’t be removed but instead refined to reduce any “unintended consequences”.
Factor strategies work in global markets, but in Australia the universe of companies is too small, too concentrated and there is a lack of variability over time.
Craig Swanger has singled out 15 as the most consistent out-performers in the past two decades – and the most likely to thrive in recessions and rallies.