FPA challenges ASIC on super advice fee arrangements The Financial Planning Association has challenged the sense and workability of the Australian Securities and Investments Commission’s proposals around time-limited superannuation advice fee consents. For more.

Super fund comprehensive advice costed at $2.33 per member A key parliamentary committee has received more evidence about how industry superannuation funds are delivering financial advice and what it costs. For more.

Investors ‘fear missing out’ on stockmarket gains Stockmarkets could rise higher as positive investor sentiment sends investors back into the market as they “fear missing out” on cheap valuations, boosting the likelihood of seeing a V-shaped economic recovery. For more.

Stay in cash and risk assets Investors should now focus on staying in cash, some risk assets, and staying active, after being used to a decade of low inflation and rates, according to Amundi. For more.

ASIC bans two advisers A former Spectrum Adviser had been banned for life while a former Forsyths adviser has been banned for three years. For more.

FINSIA appoints vice president A former Commonwealth Bank executive and one of the first Chartered Banker graduates in Australia has been appointed to the position. For more.

Statewide Super appoints two executives Simone Dyda will be chief financial officer and Jason Muir will be chief risk officer, both effective from 15 May, 2020. For more.

The next flight to nowhere While airlines are feeling the hit of lockdown on their share prices, to the point where they may need Government bailouts, Outsider spares a thought for those who have invested in airports. For more.

Grumpy Outsider prefers a chook raffle to a tombola Anyone who knows Outsider knows that, not unlike the great Groucho Marx, Outsider would not want to join any club which would have him as a member. For more.

Is Outsider ‘elderly’ or only as old as he feels? Outsider has discovered something disturbing. According to the medicos and the Government he is elderly. For more.