Industry

BT advice strategy shaped by documentation costs: Cooper

Westpac's strategy relating to advice ownership has been shaped by the rising expense and complexity of advice documentation, BT chief executive Brad Cooper reveals.
SMSF

No more ‘whingeing’; SMSFs about more than franking credits

The SMSF Association’s Jordan George says that while Labor’s franking credit policy is unfair, people should stop complaining and refocus on the ‘greater rationale’ behind self-directed funds.
SMSF

$500K SMSF minimum ‘completely arbitrary’

Industry heads roundly criticised the Productivity Commission’s $500,000 minimum SMSF benchmark, but were warned that if an agreement wasn’t reached a ‘blunt instrument’ would come.
Featured Homepage Posts

‘It’s the SMSF segment’s turn’ for more regulatory scrutiny

The head of a representative body for APRA-regulated funds has told SMSF advisers it’s the self-directed superannuant industry’s turn to endure the attention of regulators.
Royal Commission
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Royal Commission

Managed account conflicts of interest divide industry

Hayne’s benign take on the separation of product and advice left the door open for conflicts of interest in managed accounts to continue. Not everyone is convinced that this is a problem.
Royal Commission

‘Opex exemption’ loophole could remain open

Xplan subscription fees and sponsorship at conferences are among the common examples of opex payments product providers make to licensees, which may continue despite Hayne’s crackdown.
Royal Commission

Crackdown on grandfathering, fees to feed billions into super

Hayne’s recommendation to end pre-FoFA commissions and fees-for-no-service could generate $3.7 billion in remediation and send $1.1 billion a year flowing back into super balances.
Investment
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Investment

Cash should be simple, be wary when it’s not

In a world where cash rates have been at record lows for record periods, it should come as no surprise some providers are trying to dress up complex, riskier products as safe yield.
Investment

Be gloomy, but not too gloomy: JP Morgan

An investment specialist has warned against “running for the hills”. Caution is the order of the day but a late cycle in the market isn’t necessarily a prelude to recession.
Investment

Record number of boards could face spills over pay

The regulator’s annual study highlights just how disaffected shareholders are, with a record number of ‘no’ strikes on remuneration putting the heat on directors to curb executive salaries.
Education
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Education

HNW clients think just like us: UK academic

Herman Brodie is conducting a study on whether the big five personality traits are as common in wealthy people as they are to the rest of us. He hopes – and suspects – the answer is yes.
Education

CFP review delayed, not immediate focus

The FPA is weighing up how it can reshape the CFP designation after being blindsided by FASEA, but the review the association announced in December is on hold, for now.
Education

ClearView enlists freewheeling academic

The major licensee has reacted to adviser requests for client engagement tools by recruiting an expert from Griffith University who specialises in systematising adviser/client relationships.
Final Word
December 2018
Insider trading takes on a new meaning when Dixon Bainbridge inadvertently gives a tip on a current affairs bet.
January 2019

Have Your Say

Are advisers obliged to help clients with their parents' aged care and Centrelink issues?
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