Explain your value – Law firm attacks risk advisers Risk advisers need to explain why consumers can be worse off taking advised insurance when compared to those taking group insurance within superannuation, according to plaintiff law firm, Maurice Blackburn. For more.

First real estate agents, now a Liberal Senator NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is tantamount to the provision of advice. For more.

Should life/risk have its own standards? Synchron director, Don Trapnell, said life/risk advisers are being treated unfairly under the education requirements and deserve a separate standard suited to the profession. For more.

Corporate super exits weigh on AMP AMP’s first quarter cashflows have been impacted by COVID-19 and factors such as the loss of corporate superannuation mandates. For more.

Mayfair 101 launches latest bond focused on Qld resort Troubled property investment firm Mayfair 101 has launched its next strategy, a fixed income property bond investing in a tourist resort in Mission Beach, Queensland. For more.

Industry and retail super fund satisfaction falls Uncertainty caused by COVID-19 has lowered satisfaction levels with industry and retail super fund members but self-managed super fund and public sector fund member satisfaction increased in March, according to research. For more.

Managed accounts save 13 hours a week Financial planners who use managed accounts are spending more time on client engagement, compliance and due diligence, according to SSGA. For more.

COVID-19 devastating for EM prospects The COVID-19 pandemic will deliver a devastating blow to emerging markets prospects as Fitch Ratings has already made 18 downgrades with regards to emerging markets sovereigns in 2020. For more.

No precedent for COVID-19 and fund management The unusual nature of the COVID-19 pandemic means fund managers are having to review strategies and economic assumptions on a daily basis, rather than six monthly, as history offers no precedent. For more.

SMSFA applauds ATO lodgement deferral Self-managed superannuation funds can now wait until the end of June to complete their lodgements to the ATO. For more.

TAL launches webinar for virtual advice The webinar will be aimed at helping advisers manage their business in the virtual environment. For more.

MyPlanner Professional suspension on hold The firm’s Australian financial services licence was suspended in February but the Administrative Appeals Tribunal has granted a stay in its effect on conditions. For more.

Challenger points to super funds sell-off Challenger Limited has used its third quarter market update to point to the impact of superannuation funds pursuing liquidity via equity funds sell off. For more.

$1.4b inflows in Q1 for HUB24 The platform provider also experienced a decrease of $0.7 billion in funds under administration during the March quarter. For more.

ASIC disqualifies and suspends SMSF auditors The Australian Securities and Investments Commission has announced it has disqualified, suspended or added conditions to the registration for a number of self-managed super funds’ auditors. For more.

Growing against the grain in COVID-19 Investors have been considering their equity allocations on the basis of ‘growth at any price’, writes Mahesh Fonseka, but COVID-19 might see the end of this strategy. For more.

Investing in Australian equities through the COVID-19 stockmarket correction These are challenging times for equity investors as the spread of COVID-19 and its impact on the global economy drives uncertainty, writes Anton Tagliaferro. For more.

Establishing client type There are subjective trends in the distinction between retail and wholesale clients, writes David Barrett, and it is important advisers get it right to avoid costly mistakes. For more.