The bank’s annual results also revealed net cash outflow of $3.968 billion from Australian wealth management, compared with $931 million net cash inflows the previous year.

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.

Verve Super is taking a new approach to ethical investing by refusing to take a stake in companies that don’t have at least one woman board member and lobbying for others to follow.

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.

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.

The Commissioner's view that client fees shouldn’t be seen as a tradable asset by advisers and wealth firms appears to undermine the BoLR-style of agreement.

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.

A leading UK pension expert has joined a growing collective urging Canberra to shift focus from the accumulation part of the superannuation system to the retirement experience of the workers.

The volatility we are experiencing is a reflection of a very new reality, a reality that will hit home – particularly for those who paid too much for growth and high-beta small caps.

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.

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.

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.