Advisers might have full plates, not to mention challenges managing their businesses ongoing during lockdowns and a global pandemic, but they’ve still come a long way getting their heads around the Code and ethical thinking, Griffith University’s Katherine Hunt and Prosperity Financial Services’ Nidal Danoun discuss, while highlighting that the practical implementation of ethics into every day practices might still be lagging.
Shadow Treasurer says Hayne royal commission left behind ‘regulatory wreckage’
Shadow Treasurer Tim Wilson believes the Hayne royal commission has left behind ‘regulatory wreckage’ which made advice inaccessible and pushed up fees, adding the “obsession” with upfront fees has not delivered better outcomes for consumers. As the policy response to Shield and First Guardian is expected to be delivered in the coming weeks, Wilson also predicts the government will move to deny people the ability to switch funds.
Leave a Comment
You must be logged in to post a comment.