ASIC aims for hands off approach to remediation
The corporate regulator has outlined, in updated guidance, how it expects the industry to self-manage remediation projects. Although ASIC will continue to intervene in instances it sees fit, the comprehensive guidance outlines how licensees should handle the remediation process from discovery to completion.
September 27, 2022
Helen Blackford: On buying a Covid puppy and sewing her own clothes after work
Leading one company would be considered by most people a challenge, but instead Helen Blackford chooses to run three licensees each with their own distinct adviser bases.
September 26, 2022
The business model displacing traditional licensees
Traditional dealer services are fast becoming commoditised. Fortnum’s Neil Younger reveals the key areas where licensees must add real value.
September 23, 2022
Path to professionalism: Ethics and technical theory have built the foundation
The results are in and using ethics and technical theory has improved the transformation of financial advice into a profession, according to research. While the path along the way has not been easy, the findings have shown the changes the industry has undergone have been worthwhile.
September 23, 2022
Follow the UK and give advice clearer labels
Three consulting firms have joined forces on a submission to the Quality of Advice Review, highlighting the need to follow the UK’s regulatory model of clearly labelling the difference between restricted advice and independent advice models.
September 21, 2022
Robeco expects low returns for next 5 years with the world heading into the ‘age of confusion’
Asset management firm Robeco has predicted asset returns will remain below the long-term historical averages over the next five years due to the rate of return offered by an investment that carries zero risk being low.
September 21, 2022
Explaining risk to clients amid rumour and misconception
With 2022 being the year for rising interest rates and inflation, it's important for advisers to have serious discussions with clients about market risk.
September 20, 2022
AMP fined $14.5m for corporate super advice fees
Concluding another case against the 173-year-old financial services institution, the federal court has handed AMP a $14.5 million penalty over fees-for-no-service for its corporate superannuation accounts. The corporate regulator commenced legal proceedings last year after AMP self-reported the breach.
September 20, 2022
‘No room for error’: Preparing your firm for CDR
The consumer data right presents a crucial opportunity to help streamline the advice process, but this simplification comes with potential dangers, and it is incumbent upon advice practices to make sure their risk management systems are adequate.
September 19, 2022
Leading in a new era of financial services
The increased costs of delivering advice, significant market consolidation and a limited talent pool has created opportunities for new talent to thrive. It was only 12 months ago that licensee GPS Wealth put their trust in a young leader named Tara Ross who hopes to shape the perception of what an adviser looks like.
September 16, 2022
‘Everyone got this wrong’: RBA concedes inflation hit earlier than anyone expected
Reserve bank governor Philip Lowe has deflected blame for commencing interest rate rises earlier than initially forecasted. In hindsight, he would have preferred to give a vaguer forecast.
September 16, 2022
