Licensee leaders on trust, capacity and the reform agenda

From left: Chris Dastoor (moderating), Keith Cullen and Neil Younger.

Financial advice has never had a stronger reputation with clients or a bigger opportunity in front of it, but the system’s capacity constraints and regulatory blind spots are holding it back.

Professional Planner editor Chris Dastoor is joined by Entireti group chief executive Neil Younger and WT Financial Group managing director Keith Cullen to discuss the outlook for financial advice policy as Minister for Financial Services Daniel Mulino prepares to address the profession on the next steps in advice reform later this month.

This episode also explores why the fallout from Shield and First Guardian demands better underwriting of consumer risk in the superannuation system, the implications of the Financial Services Council white paper for licensing, why the licensees saw value in joining the FSC, ASIC’s Report 833 on platform trustee oversight, and the political fight to get Tranche 1 of the DBFO reforms fixed.

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One response to “Licensee leaders on trust, capacity and the reform agenda”

  1. David Haseldine

    There in lies the problem. People of this caliber stating in no uncertain terms “you cannot separate product and advice.” Bullshit! That statement is the single thing that is at the heart of the problem all the problems with Financial Planning becoming a respected profession. (See 25:15)

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Tribunal affirms ASIC ban on advisers at the centre of Shield and First Guardian failed advice

Tribunal affirms ASIC ban on advisers at the centre of Shield and First Guardian failed advice

The Administrative Review Tribunal has affirmed the five-year bans imposed by ASIC on financial advisers Andrew Hanley and Shane Monte Silva for their role in switching clients’ superannuation to Shield and First Guardian without proper assessment.

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