Could ASIC grant class order relief on the FASEA exam? The Australian Securities and Investments Commission granted class order relief with respect to advisers being required to be members of a code-monitoring body and questions are being asked about class order relief with respect to the FASEA exam extension. For more.

KKR provides CBA with chance of a dignified exit from CFS Global private equity player KKR is about to pick up 55% of Colonial First State from the Commonwealth Bank and, as Mike Taylor writes, it resolves a lot of challenges for the bank’s board. For more.

Are North American equities safe again? April saw a boost after a terrible March, but it might be short-lived as it’s still dependant on how the COVID-19 pandemic is handled. For more.

35.85% of CountPlus not part of CBA/KKR transaction Financial planning and accounting group, CountPlus has received confirmation from the Commonwealth Bank that 35.85% of the company registered to Colonial First State do not form part of the transaction with KKR. For more.

AMP analysis shows industries with most early release applicants Hospitality, arts, recreation, manufacturing and wholesale trade industries have the highest rates of applications for early super release, according to analysis from AMP. For more.

15% struggling to pay rent or mortgage A survey from comparison site Finder found 15% of Australians are struggling to pay mortgage or rent. For more.

DomaCom creates solution for cash-strapped seniors DomaCom has announced a solution for seniors running short on cashflow by offering them a new model for equity release. For more.

Durability is the new game for investors Picking durable stocks has become the new game for investors as they seek to navigate the pandemic and weather the storm it has brought, Premium China Funds Management said. For more.

QLD adviser pleads guilty to dishonestly using $1.1m A Queensland financial adviser has pleaded guilty to dishonestly using around $1.1m of client money for his own use. For more.

Perks acquires Wotherspoon Wealth The Adelaide-based accounting and wealth advisory firm has expanded its private wealth division with the acquisition of Wortherspoon Wealth. For more.

Rate cuts hit global bonds Laura Dew writes that emergency rate cut by central banks worldwide will create a tough environment for global bonds funds in the future. For more.

Creating a successful digital advice model The COVID-19 pandemic has emerged as the greatest disruption to economic growth in generations but presents an opportunity to highlight the benefits of technology, writes Emily Chen. For more.