Well done, advisers: AFCA
The Australian Financial Complaints Authority has given the advice industry a pat on the back after complaints about advisers dropped by a third since June 1.
November 18, 2021
Why now is the time for advisers to consider private equity
Private equity investing is rising in prominence as some of the world’s largest pension and superannuation funds reach for greater exposure.
November 18, 2021
Advice regulation cost forecast to increase $15M
The cost to regulate advice looks set to rise dramatically this year, with ASIC's new internal monitoring unit yet to reign in expenses and Treasury's scheduled funding model review still to come. Fortunately for advisers, most of the burgeoning costs will be mitigated by relief measures announced in August.
November 17, 2021
Financial services scores low on ethics index, media scores lower
The financial services sector is perceived as being in the lower half of the ethical spectrum compared to other industries according to the Governance Institute's 2021 Ethics Index, with its 'ethical score' placing it above only the resources sector, large corporations and... media.
November 17, 2021
Why advisers should understand the insourcing trend at large super funds
As super funds continue favouring in-house investment expertise, advisers recommending them in good faith and with competence need to understand the inherent complexity inside these behemoths. These funds are anything but light touch from a due-diligence perspective. Annika Bradley writes for Professional Planner.
November 16, 2021
ASIC heads off Mayfair founder’s latest venture
After successfully having him banned from fundraising and promoting investment products for 20 years, ASIC is trying to block the contentious Mawhinney from raising funds via his Eleuthera investment venture.
November 16, 2021
Advisers well placed to harness sustainable investing’s tectonic shift
The global pandemic is one of a number of factors supercharging interest in sustainable investments, putting advisers in the box seat to assess and direct latent demand for specialist investment products and services.
November 15, 2021
‘Not a single dollar’: Call for advisers to be exempt from CSLR
Stakeholders are lining up to protest the exclusion of MIS providers from the compensation scheme, despite the government confirming it will judge the advice industry on its pre-royal commission standards.
November 15, 2021
BT closes Principals’ Community, Kon Costas to take group solo
BT continues its retreat from wealth management with the closure of its service-only offering for self-licensed advisers, the BT Practice Principals' Community. Its long standing leader, industry veteran Kon Costas, will look to keep the group going under an external banner.
November 12, 2021
FSC responds: Relitigating old debates won’t reform the industry
In a note to Professional Planner, the council refuted accusations that its plan for advice is "disingenuous" and that it can't be trusted. "Relitigating old debates will not reform the industry, but collaboration that generates clear, evidence-based solutions will," a representative stated.
November 11, 2021
Advice service staff running their own show
Client service specialists in financial advice are increasingly looking at setting up as independant consultants, emboldened by both the pandemic-fuelled digital age and the willingness of practices to utilize more bespoke services.
November 11, 2021
