ALRC bombshell: Chapter 7 removal from Corps Act ‘on the table’
Federal court judge and ALRC Commissioner Hon Justice John Middleton said pulling chapter seven out of the Corporations Act wouldn't necessarily alleviate its complexity issues, but the idea was most definitely in play.
May 17, 2021
Difficult times expose home truths about licensee leadership
Among the standout findings from Coredata's 2021 Licensee Research is that advisers at 'top tier' licensees are around 40 per cent less satisfied with their licensee leaders than those at 'medium' and 'large' licensees.
May 14, 2021
Big budget spend omits ASIC amid role shift
A shift in functions and the attendant cutbacks reflect a broader trend; the regulatory body for AFSLs is in a state of flux, especially from an advice perspective.
May 12, 2021
Leading from 35,000 feet – treat your board as your best advisers: Alan Joyce
Qantas CEO Alan Joyce stressed the key to leading during times of crisis is seeing the big picture and tapping the experience of your own top table.
May 12, 2021
Hartley hails ‘energy and passion’ of AMP’s new advice MD
The head of AMP Australia speaks to Professional Planner about the importance of new leadership to the wealth giant's transformation, and why industry veteran Matt Lawler is the right man for the job.
May 11, 2021
Licensee reinvention: Jacobson on Easton’s next steps
The future of the licensee model is as a flexible service provider with access to technology and capital able to partner with advice practices at different stages of their professional lifecycles in addition to offering licensing, Easton's new MD Nathan Jacobson says.
May 10, 2021
Advice short-cuts may not be a bad thing
The onus on advisers to prove best interest, as opposed to simply meet best interest, is driving up the cost of advice. The repercussions are in no-one’s best interest, Neil Younger writes.
May 07, 2021
IOOF clears final hurdle on MLC acquisition
APRA's approval of IOOF's bid to take hold of the trustee responsible for MLC's superannuation assets essentially gives the final green light for the wealth giant's plan to build the nation's biggest wealth management network.
May 07, 2021
Bert van Manen: The advice industry’s inside man
As an ex-adviser, the member for Forde is one of the rare pollies with a reasonably informed view on the industry. Whether he’s holding ASIC to account or defending insurance commissions, van Manen has morphed into one of the industry’s most important voices. So what does he have to say?
May 06, 2021
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
