Remember that thing called the Code of Ethics?
The industry must be fully on board with the clear intentions of the code. Instead of complaining about its 'uncertainties', practitioners should recognise that it is deliberately not a technically prescriptive compliance-style laundry list, Robert MC Brown writes.
September 01, 2020
Adviser exodus overstated, ‘not seismic’
Contrary to most reports, Investment Trends says the number of true advisers has pretty much remained the same for a decade, with the industry showing remarkable resilience in the face of once-in-a-generation headwinds.
September 01, 2020
IOOF’s acquisition of MLC a ‘once in a generation opportunity’
Private equity may have been firmly in the frame for MLC until now, but a strategic bidder like IOOF will always outpace funds that lack post tie-up synergies, Matthew Smith writes on the transformative deal.
August 31, 2020
Hume lashes licensees while extending their oversight
The senator chastised AFSL compliance teams for exacerbating red tape and paperwork, while also giving them a further year in charge of ethics monitoring so the government can work on its single disciplinary body plan.
August 28, 2020
Lawyer challenges FASEA CEO on standards
“It’s easy to say ‘if you’ve done nothing wrong, you’ll be fine’, but unfortunately that tends to be not how lawyers look at things,” a financial services lawyer said to FASEA CEO Stephen Glenfield.
August 28, 2020
TenFifty CEO eyes less advisers, cleaner model
The head of MLC’s new spin-off says it will be more – or more accurately, less – than an amalgamation of its former brands. Licensing fees will rise as product subsidies fall, while advisers must ascribe to a yearly fee-for service model. It’s a model Brendan Johnson acknowledges isn’t for everyone.
August 27, 2020
Long-term thinking & benevolent strength: Gonski on leadership
The hallmark of courageous leadership is a willingness to go against the tide, particularly when it means opposing short-term thinking in favour of looking after the greater good. David Gonski reveals some of his deepest insights with Conexus Financial CEO and Professional Planner publisher Colin Tate.
August 25, 2020
Advisers urged to put on their ‘oxygen mask’ first
The greatest strength of people in 'helping professions' like advice is also their greatest weakness, says psychologist Jo Earl. While advisers tend to put others first, they neglect their own mental and physical well-being.
August 24, 2020
