TPD ADL regime up for change Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “very tough”, the major insurers have flagged key changes to a Parliamentary Committee. For more.

FASEA still on notice to explain code of ethics consultation The Financial Adviser Standards and Ethics Authority remains on notice from a key Parliamentary Committee to explain the consultative processes it used to reach the Financial Adviser code of ethics. For more.

Fund selection crucial in absolute return sector There was a strong case for fund selection in the absolute return sector with returns during the first quarter of 2020 ranging from 8% gains to 70% losses. For more.

Jana expands into retail market Institutional investment consultancy, Jana, has announced an expansion into the retail market with the provision of managed account services to financial advice and private wealth practices. For more.

Centuria makes first offshore acquisition with NZ firm Centuria Capital has acquired a 19% stake in New Zealand real estate funds business Augusta Capital, its first offshore acquisition, as it seeks to develop a presence in the country. For more.

JobKeeper guidance helps set practical ground rules ATO guidelines on JobKeeper legislation will help accountants better understand when the integrity rules will or will not work. For more.

Adviser sentiment in times of uncertainty Money Management is seeking feedback from advisers on how they view their business given the current investment environment. For more.

One-in-three report negative effect on finances from COVID-19 One-in-three households say they are financially worse-off as a result of COVID-19 as thousands lose their jobs. For more.

A tale of four builders There has been a sharp divergence in the fortunes of the four major construction firms with two seeing positive returns and two losing more than 40%. For more.

Westpac to exit thermal coal by 2030 The bank aims to provide $3.5 billion of new lending to climate change solutions over the next three years. For more.

Bonds income strategies harder to justify Typical income strategies based on bonds became harder to justify as interest rates ground lower and investors were forced up the risk curve, toward corporate bonds, high-yield bonds, cash-generating real asset investments and the share market, experts believe. For more.

Allan Gray boosts distribution team LJ Collyer, Marietta Gibbs and Chris Hestelow have been placed into new roles in the asset management firm’s distribution team. For more.

Charter Hall REIT announces equity raising Charter Hall Social Infrastructure REIT has announced it will undertake an equity raising of over $100 million to strengthen its balance sheet and withstand impacts from COVID-19. For more.

Never waste a crisis Winston Churchill proclaimed ‘never waste a good crisis’ and the COVID-19 pandemic has provided an unprecedented opportunity for the industry to test this theory, writes Nick Cregan. For more.

Mental health in the workplace As people move to working from home for the foreseeable future, Glenn Baird discusses how you can best look after your wellbeing and that of your staff. For more.