AFCA gives advisers good marks on complaints scale
"Most advisers are doing a really good job, the level of sophistication in terms of risk and KYC and the standards being employed are fantastic," says Shail Singh, AFCA's senior ombudsman for investments and advice.
August 31, 2021
Global investors buoyed despite pandemic
Uncertainty about the future in light of the pandemic is leading to increased investment across generations according to new research from UK-based funds network Calastone.
August 30, 2021
Levy relief for advisers while funding model reviewed: Treasury
After concerted pressure from advisers, representative associations and MPs from both sides, Treasury has announced adviser levies will be wound back to FY18/19 levels for two years while a review of the funding model is undertaken.
August 30, 2021
New ASIC unit to focus on reducing regulatory costs for businesses
ASIC will create an entirely new body to monitor and review the way it regulates the industry, with a focus on minimising the kind of costs that have seen the adviser levy increase 236 per cent in three years.
August 27, 2021
IOOF’s scale play at ‘critical mass’: Mota
IOOF is juggling a lot of balls in an effort to leverage scale and harness synergies, yet Renato Mota doesn't seem to mind the stress. The CEO speaks to Professional Planner about the group's full year results, balancing idiosyncrasies with conformity, and the one million unadvised super fund members it wants to have a "broader conversation" with.
August 26, 2021
The pursuit of adviser happiness
A US study by the team at Kitces.com found that financial advisers enjoy above average well-being in all areas until their business revenue reaches a certain level, at which point it declines and never recovers. Ultimately, he says, it's not revenue itself that's linked with adviser happiness, but another metric entirely.
August 25, 2021
‘War for talent’ rages as adviser salaries up 5pc in 6 months
Advice recruitment consultants say both junior and senior advisers are in high demand as supply dries up on both ends of the spectrum, which is nudging salaries up to around five per cent since January.
August 24, 2021
Advisers can link health and financial wellbeing of clients: Metlife
INFOCUS: The insurer has rolled out virtual offerings that link health planning with financial planning, providing a holistic solution to members when they need it most.
August 23, 2021
ASIC won’t hunt compliance breaches in Red October
There are so many back office changes needed to accommodate upcoming reforms that compliance consultants are calling it 'Red October'. ASIC, aware of the strain, has indicated they'll take a "reasonable" approach to enforcement... initially.
August 20, 2021
Helping victims of trauma is less daunting than you’d think: Grace Tame
We are living in troubling times but Australian of the Year, Grace Tame, shared her experiences in dealing with trauma to a summit of group insurance professionals.
August 20, 2021
