[Weekly Wrap] Good news for the PIE recipe
At Good Returns we have heard plenty of stories from managers that have held off making cash, or income PIEs, because of this uncertainty.
However, as exclusively reported on Good Returns, some clarity prevails. Expect to see more of these types of funds soon.
Another positive story is that the so-called G4 group of adviser associations look like working together formally. It seems they are getting over suspicions about each other and actually, as one said, "We have actually found out we all get on with each other.
We don't need to be frightened of each other (now)."
This is a huge step forward as there is a view the fighting between associations is one of the reasons the government dumped the co-regulatory model.
In this week's Insurance News we have a bit of a regulatory theme. During the week the government outlined new rules for the regulation of life insurance companies. Also this week we have the first in a series of articles from Strategy Financial's Graeme Lindsay.
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