Adviser shortages could last nearly a decade Given that number of financial adviser exits is nearly double the number of new entrants, it seems likely that restoring financial planning numbers to their pre-Financial Adviser Standards and Ethics Authority levels could take as much as a decade. For more.

Who's getting the big super board fees? New details provided to a key Parliamentary Committee has revealed which superannuation fund trustee directors are being paid the most. For more.

Macro-economic shocks hit global SMIDs Global small/mid cap funds are perceived to be more prone to macro-economic risks and have been hit hard by sell-offs. For more.

Over half of sustainable bond funds see returns during COVID-19 Most sustainable bond funds have been able to weather the market volatility caused by the COVID-19 pandemic better than their non-sustainable counterparts, according to data. For more.

Rest completes $700m early release payments The industry super fund has paid a total of $693.4 million to over 100,000 members in early super release payments. For more.

SMSFA appoints Burgess as deputy chief executive SuperConcepts’ general manager Peter Burgess, has rejoined the association in the role of deputy chief executive and director of policy and education, effective from 1 June, 2020. For more.

Retirees need to hold their nerve: BetaShares It is “critical” for retirees to avoid panicking and cashing out their investments if they wish to benefit from any economic recovery. For more.

Not all EMs face the same headwind The dispersion of advancement among emerging market countries means that some are likely better equipped to confront the pandemic, while others may face unique near-term headwinds, according to Janus Henderson Investors. For more.

Kaplan to provide data science training It would team up with US data science training provider Metis to deliver online programs in Australia. For more.

Pershing pleads guilty to mishandling client money Pershing Securities Australia is the first company in the country to face criminal prosecution for breaching client money provisions. For more.

Netwealth partners with Ironbark for managed account service Netwealth has partnered with Ironbark to launch a new managed account solution to advice groups. For more.

Rate cuts hit global bonds Laura Dew writes that emergency rate cut by central banks worldwide will create a tough environment for global bonds funds in the future. For more.

Creating a successful digital advice model The COVID-19 pandemic has emerged as the greatest disruption to economic growth in generations but presents an opportunity to highlight the benefits of technology, writes Emily Chen. For more.