Reacting to scandals a poor platform for financial services reform: ALRC panel
Legal academics studying the complex architecture of financial services regulation believe political expediency and reactionary policy is leading to "increasingly shrill and urgent" legislature.
August 18, 2021
Fundies see light at the end of the AMP tunnel
Are changes to the advice model and a new leadership spine going to be remembered as the catalysts for AMP's reinvention, or are the wounds to its brand too deep to suture? Fund managers see positive signs, but they're not ready to call it a comeback just yet.
August 17, 2021
Advisers bolster talent programs with uni lectures
Concerned by the skinny pipeline of advisers coming through the ranks, Kris Martin and his business partner organised school visits and guest lectures to complement their talent adoption program.
August 16, 2021
The ethics of nudging the client
Clients often need a nudge in the right direction, but when does a nudge become a push and when does it cross an ethical line? Paul Moran writes.
August 16, 2021
Advice associations band together against ‘last straw’ compensation scheme
Eight industry associations linked to financial advice have protested against the design of the proposed compensation scheme of last resort (CSLR), amid concerns the scheme will be misused and fails to address the causes of unpaid consumer protection.
August 13, 2021
‘We’re not starting at zero here’: AMP’s George
AMP's advice reinvention project is 95 per cent complete, but after just nine days in the big chair new CEO Alexis George admits the once-storied division still has a way to go.
August 12, 2021
Super fund performance test an emerging liability issue for advisers
Legal and compliance experts have flagged the government's new fund performance test as something advisers of APRA-regulated fund members need to be across. Ignoring repeated test failure could be the beginnings of a liability case, Minter Ellison partner Richard Batten warns.
August 10, 2021
20 funds in five years: Fairley’s consolidation prediction
Rising pressure on underperforming funds could see only a handful remaining in the near future, as the trend of consolidation gathers pace, experts say.
August 10, 2021
‘Big brother’ advice acquisitions surge with MDA margin shift
Cost synergies are the traditional drivers for 'bolt on' advice acquisitions, but with the margin reshuffle brought about by managed discretionary accounts, M&A consultants say acquirers are now looking at what revenue synergies they can gain.
August 09, 2021
Retail investment doubled during pandemic: Investment Trends
Retail investment increased by 100 per cent during the Covid-19 pandemic according to researcher Investment Trends, with an estimated 1.43 million Australians placing one or more trades into listed securities in the 12 months to May 2021.
August 09, 2021
A glimpse at tomorrow’s advice business
Licensees need peripheral vision to anticipate the future needs of advice businesses. Neil Younger writes.
August 06, 2021
