Industry

NAB delays MLC Wealth divestiture

NAB has stretched out the timeline for the spinoff of its MLC Wealth business and has kept a trade sale on the table as an option. Tahn Sharpe reports. 
Industry

Royal commission costs tick over $500 million for AMP

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.
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.
Superannuation

Gender lens in focus for Verve Super

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.
Royal Commission
View all
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.
Royal Commission

Hayne throws doubt over AMP BoLRs

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.
Investment
View all
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.
Investment

Shift focus from accumulation to retirement: UK pensions expert

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.
Investment

Strap in for an exciting year in markets

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.
Education
View all
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?
Sponsored Content
View all

Sponsored content