AMP calls out platform rate cards, won’t play ‘opaque game’
Platforms might be breaching legal obligations to treat members fairly by offering bespoke rate card discounts to advisers, AMP believes. The wealth giants says it is rolling out a series of discounts in order to counteract the issue.
May 06, 2021
ASIC sends mixed signals on industry funding
Not long after ASIC chair James Shipton blamed the exorbitant adviser levy on a "mechanical" industry funding model, the corporate regulator said it has discretion in the allocation of resources and the option to waive levies.
May 05, 2021
Aussie advice clients less concerned about hidden fees: EY
Australian advice clients are significantly less concerned about hidden fees and costs in their advice relationship than their global counterparts according to new research from consultancy Ernst & Young.
May 05, 2021
‘200 advisers is our aim’: Islamic advice group set for rapid expansion
The Muslim community is crying out for Islamic advice to be provided at-scale according to Hejaz Financial Services CEO Hakan Ozyon, whose firm has just set up its own advice AFSL and wants to bring a significant slice of the adviser workforce into its fold.
May 04, 2021
Dimensional pivots to mid-tier advice groups
As the institutional advice market has all but evaporated, US-based fund manager Dimensional Fund Advisors has shifted its focus to the growing second tier of advice networks and expanded it footprint in the domestic market by about 25 per cent over the last two years.
May 03, 2021
Advisers face an avalanche of super fund retirement products
Super funds will soon be compelled to develop retirement solutions, which means advice clients will be looking for help understanding a slew of new and potentially complex products and services. There is a small window of opportunity for advisers to prepare.
April 30, 2021
Morrison must get off the fence with Super: ALP’s Stephen Jones
A small clutch of ultra-dry conservatives is driving the government’s super agenda, and they are willing to bully and belittle anyone who disagrees with them according to Shadow Assistant Treasurer Stephen Jones.
April 30, 2021
IOOF streamlines advice as FUA walks out the door
The streamlining of IOOF's advice business is a strategic response to an era-defining transformation of the advice industry designed to deliver a step-change in quality and affordability, while conflicts associated with subsidisations from other parts of the business are removed, the group's CEO has said.
April 29, 2021
Suncorp finalises wealth exit with sale to LGIA Super
The sale of Suncorp’s remaining wealth business was the outcome of a strategic review which began last February last year and continues the Queensland financial institution's wealth exit which began in 2015 with the sale of its financial planning business.
April 28, 2021
