It was a tumultuous 2018 for the financial advice industry, and Professional Planner published a wide spectrum of stories covering everything from FASEA and the Hayne royal commission to a rapidly changing technological landscape and the evolving role of licensees.
Here are the 10 most widely read stories, in descending order, on our website this year.
BT pulls the pin on its entry-level advice business
BT Financial Group has a consultation process under way for advisers who will be displaced as it abandons one of its advice strategies.
BT denies claim its platform fees don’t stack up
The provider hit back at a Bell Potter study that stated the pricing on its flagship Panorama platform suite was more expensive than headlines suggested.
2018 Licensee list: Rise of the second tier
Could we be witnessing the gradual disintegration of vertical integration and the emergence of a new style of licence owner? Tahn Sharpe investigates.
Godfrey Pembroke to split with NAB
The large dealer groups will part ways with the bank in a move towards independence that could herald a dissolution of the big five’s licensing dominance.
US professor tells Hayne how to fix advice conflicts
The commissioner reached out to US academic Sunita Sah for help on dealing with advice conflicts; she told him disclosure wouldn’t work and neither would education or penalties.
Secret report fuels adviser exodus at Godfrey Pembroke
Advisers at one of the country’s most respected licensees are leaving in droves, aided by a private report assessing the marketplace that was delivered in August.
AMP fronts reps over buyer-of-last-resort deals
AMP executive director of advice Michael Guggenheimer remains on extended leave while managing director Michael Paff fronts AMP-rep practices around the country.
OSAs could be on chopping block
A prominent financial services lawyer has questioned ongoing service agreements and warned that current contracting and remuneration models might be up for change.
FASEA deals FPA, AFA members a rough hand
The guidelines released Friday, deeming the FPA and AFA’s designations worth only two credits of prior learning, are now the subject of a three-week consultation period.
Young and old: FASEA’s great divide
As the FASEA reveal draws nearer, the intentions of advisers and just which groups in the industry will be affected the most are becoming clear.
