The Fold Legal

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.

Tahn SharpeFebruary 13, 2019

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.

Matthew SmithFebruary 12, 2019

Royal Commission

Hayne orders about-face on OSAs

The commissioner has recommended that service contracts be delivered annually, and be much more focused on the value of the future service to be delivered.

Tahn SharpeFebruary 4, 2019

Featured Homepage Posts

Advice fee models will change

Ongoing fee arrangements, asset-based fees and incentive structures are set to be shaken up based on the findings of the Hayne royal commission.

Claire Wivell PlaterJanuary 16, 2019

Superannuation

Advisers push industry funds to open up

Regulators and policymakers are investigating vertical integration and that probably has industry funds looking closely at their advice models.

Matthew SmithDecember 18, 2018

Industry

OSAs could be on the chopping block

A prominent financial services lawyer has questioned ongoing service agreements and warned that current contracting and remuneration models may be up for change.

Tahn SharpeDecember 4, 2018

Uncategorized

Managing expectations: the way forward with managed accounts

Advice practices have taken to managed accounts like ducks to water, but new questions about conflicts of interest have left potential adopters in a holding pattern.

Ben PowerOctober 15, 2018

Featured Homepage Posts

Licensees will be on the hook for best-interests lapses

The ability to prove rigorously that a product recommendation is in a client’s best interests does not currently sit within an adviser’s toolkit – that needs to change.

Matthew SmithOctober 3, 2018

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