Up to 2,000,000 ‘unassigned’ clients after bank exits: CoreData
A confluence of macroeconomic and microeconomic factors are putting the Australian advice industry in a position to flourish in the coming years according to CoreData chief executive Andrew Inwood.
July 27, 2021
No more ‘handcuffs’: AMP dumps BOLR deals and releases client books
"We've evolved a lot," managing director of advice Matt Lawler tells Professional Planner shortly after AMP announced it was shedding BOLR agreements and institutional ownership of client books. A week before new CEO Alexis George finds her desk, the group has reshaped its advice arm for the post-royal commission era.
July 26, 2021
ASIC’s 30pc levy increase to shut more advice doors
The corporate regulator has estimated another 30 per cent increase in the annual adviser levy to $3,138 for 2020/21. If history is anything to go by – and the numbers used in ASIC's calculation – the final amount could be much higher.
July 23, 2021
Ex-Godfrey Pembroke boss outlines licensing blueprint
"I wanted to see clearly the synergies and disconnects between what advice businesses see as value and what was possible and doable from a licensee perspective,' says the consultant and former managing director of MLC's flagship licensee.
July 22, 2021
Fiona Reynolds joins Conexus as CEO
As the Australian superannuation and advice markets further professionalise, Conexus's new CEO will be able to bring her global view to the domestic landscape and contribute to super funds and providers developing global best practices.
July 21, 2021
Mum, can you build a holistic advice CRM please?
Back in 2014, Vincent Holland found himself struggling with the slate of advice CRMs on the market back. Fortunately his mother Lindsay – also an adviser – was equipped with a specific skillset that enabled her to do something about it.
July 20, 2021
ASIC ditches court case against AMP FP
The corporate regulator has abandoned its fee-for-no-service criminal conduct case against AMP's flagship dealer group after consultation with the Commonwealth Director of Public Prosecutions.
July 16, 2021
Call to give fund members product advice support outside of Chapter 7
Trying to fit financial product advice within the existing regulatory framework isn't working for superannuation fund members, says UNSW's Pamela Hanrahan, and if consumers are to get support a framework needs to be put up outside the bounds of Chapter 7.
July 15, 2021
Equities recovered too quickly, correction coming: CFAs
The exuberant equities market recovery from Q1 2020's pandemic-induced fall has come too quickly according to a global survey of CFA members, almost half of which believe a correction is on the cards in the next three years.
July 15, 2021
Breach reporting regime a mammoth task for licensees: Allens
ASIC's new breach reporting regime will be a huge incursion for licensees and add a significant risk element to their compliance framework, legal experts warn. Mixed messaging and a sneaky "dobbing" provision aren't making things easier, they say.
July 14, 2021
