Lawyers lash bad advice and urge urgency on compensation scheme A lawyers group is urging the Federal Government to speed up the implementation of a Compensation Scheme of Last Resort arguing that past bad advice is only now coming home to roost amid the fall-out from COVID-19. For more.

Early access to super no longer than 5 days The vast majority of eligible Australians should receive early superannuation payments within five business days, according to Australian Prudential Regulation Authority guidelines. For more.

TPB empowers BAS agents on advice The Tax Practitioners Board has cleared the way for BAS agents to give advice around the Government’s new JobKeeper payment and cashflow support for businesses. For more.

Healthcare sees 10% gains amid COVID-19 pandemic Healthcare stocks have vastly outperformed industry sectors year to date, becoming the third-largest sector in the ASX 200, according to S&P Dow Jones. For more.

Investors should look beyond traditional equity and bond allocations Now is the time for investors to review their portfolios and consider a greater degree of diversification such as alternatives for income and growth, according to J.P. Morgan Asset Management. For more.

AMP releases money guide for kids Good Money Habits for Life is an educational e-book for parents to help teach children about good money habits. For more.

AFCA gives temporary extension for complaints Financial firms will now have 30 days to respond when the Australian Financial Complaints Authority notifies them of a complaint. For more.

IOOF divests NZ business IOOF has sold its New Zealand-based IOOF Integral Trust to focus on simplifying the business around its advice-led strategy. For more.

ASIC stops Sportsbet’s bets on S&P/ASX Sportsbet allowed punters to bet on ASX performance despite not being licensed to offer a financial product and said the oversight came from the challenges with staff working remotely. For more.

Outsider, like Banjo, is yearning for the wide, open spaces Well, apologies to Banjo Paterson because Outsider’s working from home arrangements are not quite that bad, although Outsider notes that Banjo, writing Clancy of the Overflow in 1897, probably did not have to maintain delicate diplomatic relations with Mrs O. For more.

No fun unless you name names Nothing annoys Outsider more than fellow hacks failing to point fingers and name names and so he wants to know the identity of the senior financial services type who, with a lady friend, is alleged to have partied hard in Aspen, caught COVID-19 and then returned to Australia to ignore self-isolation and go shopping and playing golf. For more.

Achieving social distancing by leveraging holiday geography Hats off to a certain life insurance sector identity who knows how to leverage both time and space. For more.