No loopholes, no carve-outs insist coalition of consumer groups A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs. For more.

Will coronavirus impact the markets in the long-term? Driven by a large amount of uncertainty around the coronavirus, some investors are reading themselves for a worst-case scenario for their portfolios, according to Stanford Brown. For more.

NZ bans fossil fuels from default KiwiSaver funds The New Zealand government has decided fossil fuels will be banned from KiwiSaver funds in line with the desires of its citizens. For more.

First Sentier boosts global leadership team The global investment manager has appointed its managing director for Americas, and its chief marketing and communications officer. For more.

State Street retains struggling IT position The State Street Global Equity fund has reiterated its position on avoiding global IT companies, despite the position being the ‘single biggest detractor’ to performance over the last year. For more.

Class adds CTO Alexis Rouch has been appointed as chief technology officer by the self-managed superannuation fund software company, as it undergoes a transformative business strategy. For more.

Powerwrap posts net loss of $2.25m The platform provider has posted a net loss despite a 20% increase in funds under administration during the first half of FY20. For more.

What is the real purpose of the Retirement Income Review? The strident voices of a number of Government backbenchers should prompt some serious questioning around the real objective of the Government’s Retirement Income Review. For more.

InFocus: How an end to grandfathering brings an end to adviser subsidies Mike Taylor writes that the transition of Count Financial advice practices to a user-pays model has starkly revealed the degree to which the end to grandfathering has also ended so-called adviser subsidies. For more.