The end of FY brings more net losses for adviser numbers The end of the financial year has brought more changes for licensees which are reflected in their adviser numbers which continued to drop, according to HFS Consulting. For more.

Advisers question FASEA’s two-thirds discount A claim by Financial Adviser Standards and Ethics Authority chief executive, Stephen Glenfield, that the authority is offering advisers a ‘two-thirds discount for experience’ is being questioned by financial advisers trying to obtain their Bachelor degree qualification status. For more.

FI beneficial while equity earnings are low Fixed income offers protection in the current economic climate while doubts loom over company earnings. For more.

Endorphin launches MDA service Endorphin Wealth Management has a launched a new managed discretionary account service in collaboration with Oreana Portfolio Advisory Services, Lifespan Financial Planning, and BT Financial Group. For more.

Social distancing hits AREIT returns The Australian real estate investment trust index lost 16.4% in the 12 months to 31 May, 2020, as people working from home due to the COVID-19 pandemic had a “profound impact”. For more.

Schroders expands private assets offering Schroders has launched a private equity fund for Australian investors in a move that will see more private assets solutions locally. For more.

Building resiliency in portfolios is key Building resiliency in portfolios is key, with a focus on hedging the downside risk while also maintaining positive upside convexity, according to PIMCO. For more.

APRA imposes best interests licence condition on CFSIL The regulator has imposed a new licence condition that will require the firm to record how it considers members’ best interests and members’ priority covenants when making decisions that materially affect their interests, following an investigation by the Hayne Royal Commission. For more.

ISA claims hundreds of thousands have wiped out their retirement balances The Government’s hardship early release superannuation scheme has “wiped out” the retirement balances of hundreds of thousands of Australians, according to Industry Super Australia. For more.

And its gold and gold for Senator Bragg There are stories which Outsider would have liked to be the first to tell and then there are stories that Outsider reckons are so good that they need retelling. For more.

Fewer Loitterers for Circular Quay You know times are tough when a major consultancy like Deloitte announces the loss of 700 positions in Australia including, apparently, some partners. For more.

Perky heads for the Darling Park revolving door There have been lots of personnel changes at the Commonwealth Bank since its former child actor chief executive, Ian Narev, was succeeded by the current chief executive, Matt Comyn not to mention the fact that CBA has now largely exited wealth management. For more.