Leeway urged on opt-in for locked down clients and advisers The Government should provide financial advisers with some flexibility with respect to opt-in arrangements as they seek to deal with another round of lockdown, according to the Association of Financial Advisers. For more.

Outflow continues but adviser numbers higher than last year Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. For more.

Conservative strategies still paying-off for mixed asset funds Despite equities rebounding, conservative mixed asset sectors are still out-performing its aggressive/growth counterparts. For more.

COVID-19 sees HNWI wealth decline Although the value of high net worth individuals increased globally in 2019, the COVID-19 pandemic is expected to have wiped a significant amount of those gains. For more.

ETF FUM rise 6% Australian equity products were the dominant player during the first half of 2020 with flows at $3.5 billion, according to BetaShares. For more.

ASIC opens consultation on second product intervention order The Australian Securities and Investments Commission has launched a consultation on a second product intervention order to stop continuing consumer harm. For more.

State Street reduces fees on flagship equity funds State Street has reduced the fees on its flagship Australian and global equity funds in order to best offer value to investors. For more.

ASX extends capital raising support until November Firms in need of emergency capital raising have been granted a four-month extension by the Australian Securities Exchange to 30 November, 2020, as Melbourne goes into a second lockdown. For more.

Home grants for builders, not buyers First home buyers could be making poor investment choices to take advantage of government grants, as they are aimed at builders, not buyers. For more.

Media Super to merge with Cbus Media and entertainment superannuation fund, Media Super, is to merge with big building industry fund, Cbus is a bid to gain scale. For more.

Praemium moves to acquire PowerWrap Praemium has moved to acquire PowerWrap to create one of Australia’s largest independent specialist platform providers. For more.

And its gold and gold for Senator Bragg There are stories which Outsider would have liked to be the first to tell and then there are stories that Outsider reckons are so good that they need retelling. For more.

Fewer Loitterers for Circular Quay You know times are tough when a major consultancy like Deloitte announces the loss of 700 positions in Australia including, apparently, some partners. For more.

Perky heads for the Darling Park revolving door There have been lots of personnel changes at the Commonwealth Bank since its former child actor chief executive, Ian Narev, was succeeded by the current chief executive, Matt Comyn not to mention the fact that CBA has now largely exited wealth management. For more.