Planning industry united on MySuper advice fees The Treasurer, Josh Frydenberg, faces a fight from the financial planning industry as he seeks to move forward on implementing a Royal Commission recommendation banning the extraction of advice fees from MySuper accounts. For more.

Accept that a signed client renewal notice is enough says FPA The Government should accept that if a client has signed a renewal notice with their financial adviser, that is more than enough proof of the client’s intentions, according to the Financial Planning Association. For more.

TPB updates public register The Tax Practitioners Board’s public register will now include details of practitioners who had been sanctioned for misconduct. For more.

LICAT calls for recognition of ‘misunderstood’ investment trusts The Listed Investment Companies and Trusts Association has called for Treasury to recognise the importance of listed investment trusts and companies to the Australian economy. For more.

Kiwis get ‘more bang for their buck’ with move to balanced default funds Default KiwiSaver funds will be moved from conservative to balanced funds in a shake-up of the New Zealand superannuation system. For more.

Retirees struggling to make ends meet Almost 40% of recent retirees are either living on a very tight budget or are not making ends meet, according to a survey. For more.

Ares targets Aussies with credit fund Ares’ head of Australia Teiki Benveniste has ambitious plans for the American firm’s first launch into Australia. For more.

Natixis cuts equity exposure on coronavirus concerns Natixis has reduced its exposure to equities in light of coronavirus in expectation of higher volatility in stockmarkets. For more.

Tech companies will need to ‘hold their own’ to challenge leaders Emerging technology companies will have to hold their own if they wish to challenge dominant players such as Facebook, according to ETF Securities. For more.

IOOF updates executive committee The firm has appointed a chief operating officer, chief advice officer, and chief distribution officer. For more.

FPA digs in on MySuper advice The Government is wrong in its move to stop people from paying for financial advice from their MySuper accounts, according to the Financial Planning Association. For more.

Let prudence prevail Life insurers are under the spotlight of APRA over their handling and the sustainability of disability income insurance claims, writes Integrity Resolution’s Col Fullagar. For more.

How do the ultra-rich invest? Adrian Frinsdorf explains how wealth advisers can tailor a portfolio for ultra high net worth investors and how their needs differ. For more.