FASEA exam extension legislation hits another snag There are no guarantees that the legislation delivering an extension of the Financial Adviser Standards and Ethics Authority exam timetable will be dealt within the Senate this week or, indeed, anytime soon. For more.

Grandfathered commissions bigger impact than COVID-19 Grandfathered commissions have impacted the value of financial planning practices by as much as 25% of recurring revenue, while COVID-19 has impacted around 5% to 20%, according to Radar Results. For more.

Merger sees further growth for Qld advice group Queensland’s Highfield group has merged with Ausure to grow its adviser footprint to 140 with funds under advice of $2.5 billion. For more.

CBA exits Indonesian life business The last vestiges of the Commonwealth Bank’s involvement in life insurance has ended with its exit from its 80% stake in an Indonesian life business. For more.

Advisers want coalface information from fund managers Pendal Group has had a better half than most in the face of the COVID-19 market volatility and advisers have been seeking high levels of detail about why. For more.

Investors should look at fundamentals in EM debt Fundamentals are returning to the forefront as a key performance driver in emerging markets debt, according to Eaton Vance’s new study. For more.

Global gov bond ETF launched by BetaShares BetaShares has launched its latest fixed income ETF focusing on global government bonds. For more.

Aus Unity appoints healthcare portfolio manager Victor Windeyer will lead the development of a new healthcare investment initiative in its funds management business. For more.

ASIC bans three financial advisers Bimaljeet Sekhon and Alan Davies have received three-year bans, while former Millennium3 authorised representative, Christopher Harris has been banned by the corporate regulator for 10 years. For more.

Resilient Pendal delivers reduced dividend Investment and funds management house, Pendal, has delivered a cautious dividend to shareholders, citing its faith in resilience through diversification. For more.

Suncorp banking and wealth CEO resigns Lee Hatton will depart the bank to be closer to home in Sydney, after three months in the role. 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.