9:00am – 9:05am
Overview – Wednesday – December 2
9:05am – 9:35am
Research providers are unquietly placed to bring objectivity, independence and rigor to the advice industry at critical time on its journey to professionalism. The foremost ethics and professional standards expert in the country lays out on the table what it means to be ethical in this quickfire Q&A.
9:35am – 10:10am
Key decision makers in advice, funds research and investment product design discuss the challenges and solutions ahead for the research industry to navigate conflicted business models in the creation and dissemination of high quality, timely and independent insights that help advisers satisfy their obligations under FASEA’s Code of Ethics and to clients.
- Consideration of vertically integrated products - what is the researcher’s role?
- Pay for ratings - a broken model?
10:10am – 10:50am
The ruthlessness with which investors now need to assess forward risk and return outlooks for all asset classes could mean a move away from conventional SAA to a more flexible approach which may exclude some assets of sub-asset classes in part or completely. What makes the cut and which assets are dispensable in this new world?
10:50am – 11:30am
Over the past thirty years, interest rates have steadily fallen and despite heterogeneous trajectories for a range of products and services, the general price trend has seen low and stable inflation. Over the next few years, capital markets must resolve two competing trends, the demographic terrain and economic decline that infer deflation and the desire of central banks and governments to inflate away the emergency deficits. This debate will explore the risks to client portfolios and the strategies to manage uncertainty over price levels.
11:30am – 2:00pm
2:05pm – 2:55pm
There has been a raft of products now called out by the regulator for promising something they don't deliver. Particularly in the fixed income-style returns space where investors are desperate for yield while interest rates remain terminally low. This session provides insight into the work the regulator is doing in this area as well as determining the line between marketing and misrepresentation.
2:55pm – 3:35pm
The continued focus on fees has resulted in more efficient models and portfolios populated with low cost smart beta. Where can costs continue to come down and at what point does the consideration of fees become too prominent? Further, what ways can the research community measure the impact of active management and implementation of portfolios
- Cost-saving through implementation - are we at ground zero?
- Could researchers be more proactive in penalising high fees?
- Considering the role of active and passive in the prevailing environment
- Benchmarking and performance measurement
3:35pm – 4:15pm
Client demand has pushed ESG considerations out of the theoretical and into the realm of the essential. With ESG categorisations still evolving and the thinking around sustainable development goals developing clients are investing in a dynamic but uncertain environment. This session gives researchers the tools to understand client demand and match these with solutions, a process that can involve navigating contradictions in labelling at both the portfolio and individual company level.
4:15pm – 4:55pm
The continued fragmentation of the advice industry has led to further proliferation of independent research consultants and bespoke implementation structures at a time when the bar for quality and timeliness of research from advisers is being raised. This panel looks at the evolution of research and asks what are the appropriate structures, governance measures and qualifications needed within the research industry to advance advice outcomes.
4:55pm – 4:55pm