A new optimism: TenFifty’s Brendan Johnson on IOOF, community and exploding phones
When IOOF bought MLC it looked like Brendan Johnson's plans to build an advice community were scuppered. "I have to say I was shocked," he says, before revealing just how much the period galvanized the TenFifty cohort and tested its belief in the concept.
September 14, 2021
Super’s not a panacea for all ills: CareSuper’s Lander
Super should be a long-term savings and investment strategy only according to CareSuper’s long-time CEO, Julie Lander, and shouldn’t be dipped into for other purposes.
September 14, 2021
Can legal compliance and the Code coexist?
FASEA’s Code of Ethics may be incompatible with Chapter Seven of the Corporations Act but the two can exist together, say lawyer Selina Nutley and JB Were Technical Services Manager Kym Bailey.
September 13, 2021
D&D obligations the ‘ultimate box ticking exercise’
As the full suite of responsibilities advisers and licensees will take on under the new design and distribution obligations comes into view, the intent of the rules is being overshadowed by concern over the administrative overlay required and the apparent lack of benefit to consumers. As one of six reforms to land in October, product
September 10, 2021
Frydenberg lines up ASIC review squad
Treasurer Josh Frydenberg has leant on business community leaders to head up the new Financial Regulator Assessment Authority, which is being tasked with reviewing and reporting on the effectiveness and capability of ASIC and APRA. Former Macquarie CEO Nicholas Moore will be the authority’s inaugural chair, along with Gilbert + Tobin lawyer Gina Cass-Gottlieb and
September 10, 2021
Taking risks and sitting on the client’s side: Crestone’s Michael Chisholm
While Crestone is keen to partner up with providers to bring products to the wholesale market, CEO Michael Chisholm takes a much dimmer view of advice firms being product providers. "We’re against product manufacturing, you can’t do that and objectively assess products in the market," he says.
September 09, 2021
ASIC clarifies the ‘human effort’ triggering breach investigations
ASIC has provided further clarity on its impending breach reporting obligations in its final guidance, including an explanation of what constitutes an investigation into a possible breach and what should trigger the start of a 30-day window before investigations become a "reportable situation".
September 08, 2021
Advisers face practical challenges adopting FASEA’s Code of Ethics
Griffith University academic Katherine Hunt and Prosperity Financial Services’ Nidal Danoun say conflict of interest and peer accountability top struggles with the Code.
September 07, 2021
ASIC’s guide to being good
ASIC’s guide is a timely reminder of what licensees and advice practices should keep their eye on as they grapple with the gritty practicalities of implementing new rules and laws, Simon Hoyle writes.
September 02, 2021
