Who earned the stamping fee exemption millions? The Australian Securities and Investments Commission has pointed to hundreds of millions earned by stockbrokers, advisers and advice firms as a result of the stamping fees exemption. For more.

ATO and TPB on alert for COVID-19 rorters Tax agents and advisers have been warned against trying to manipulate the business and employment policy changes put in place by the Government to deal with COVID-19. For more.

Raiz Invest loses 20.1% in FUM in March The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic. For more.

ASIC commences proceedings against Mayfair It is alleged the sponsored link advertisements promoting Mayfair debenture products were misleading or deceptive. For more.

Market liquidity remains key Liquidity in the Australian bond market has been extremely poor but there are some pockets of opportunity opening up, according to Janus Henderson. For more.

Opportunity to ‘lock in’ currency gains: BetaShares The weakness in the Aussie dollar against major currencies presents an opportunity for investors to ‘lock in’ currency gains made by other international currencies they hold. For more.

Chant West’s legal action against Zenith owners The decision by the owners of research and ratings house Zenith to call off their bid for Chant West has resulted in the initiation of court action. For more.

Signs the crisis has ‘stopped getting worse’ Although we may enter a recession over the next couple of quarters, there are key signals to look for that will signify the crisis hitting its peak, according to a T. Rowe Price portfolio manager. For more.

JobKeeper measures a ‘game changer’: Westpac Westpac has revised downwards its expectations for unemployment from 11% to 9% in light of the newly-unveiled JobKeeper proposals. For more.

Charterhill’s Nowak sentenced to 10 years imprisonment Charterhill director, George Nowak misappropriated $1.2 million in self-managed superannuation fund monies to fund a lavish lifestyle. For more.

OneVue flags possible Sargon legal action OneVue has flagged the possibility of legal action against Sargon’s directors and officers as it seeks to recoup funds lost as a result of the collapse of the company. For more.

CCUBE in voluntary administration The financial planning software provider has appointed administrators DVT Group and is up for sale as a result of COVID-19 and a lack of revenue. For more.

Are managed accounts suitable for all? While managed accounts have been steadily growing in Australia, there are still a number of advisers who have doubts when it comes to outsourcing their investment process capability, Oksana Patron writes. For more.

Providing advice from home Working from home is one of the biggest shifts globally to have come as a result of the COVID-19 pandemic. While a financial adviser’s work is centred around physical face-to-face client meetings, Jassmyn Goh finds out what kind of technology they need to move forward. For more.

Reviewing Retirement Income The Retirement Income Review has been welcomed by many in the industry, but Chris Dastoor writes, it is still uncertain what it will mean for the industry in the long-term. For more.