Insurance commissions should go: ALP
Shadow finance minister Stephen Jones said proving that a commission-based model can function without conflicts is an “enormous challenge”. While open to the findings of the 2021 insurance review, he made it clear the ALP has every intention of getting rid of commissions holus-bolus if elected in 2022.
October 15, 2020
ASIC wants to know what’s holding up ‘bite-sized’ advice
The regulator will consult with industry on what’s blocking the provision of limited advice, which it says consumers want more of. According to ASIC’s advice lead, Kate Metz, word on the street is that licensees are the ones getting in the way.
October 14, 2020
Financial advisers ‘like politicians’: Hume
The Senator diverged from a discussion on the government’s plan to broaden regulatory reform and narrow the advice gap to share an anecdote about how she believes people view the profession.
October 13, 2020
$3,558 per client, per year; the new normal
Research into the advice market suggests a new benchmark for revenue per-client that can be used as a prompt for advisers to check in on their own remuneration. It's also a stark reminder of how increasing costs are affecting advice businesses.
October 12, 2020
Kate Golder: Part planner, part counsellor
“The most important lesson for me is to control the things you can, and not let the things you can’t control stress you," says the Alteris adviser and partner. She admits, however, that it's often easier said than done.
October 09, 2020
No regrets, no zombies: What the budget got right and wrong
Why is the government "betting the house" on a private sector led recovery, asks Grattan Institute CEO Danielle Wood, when consumer confidence is the key to Australia's economic revival?
October 08, 2020
Stapled super to pile pressure on small to medium sized industry funds
While super stapling is a natural industry progression and a plus for consumers, the changes will curb some of the benefits smaller industry funds rely on to survive, which could further accelerate merger activity.
October 07, 2020
Lloyd pulls the pin after two years at MLC
After steering MLC through the final two years of its existence, CEO Geoff Lloyd has made the decision to exit the group before the transition is made to new owners IOOF.
October 07, 2020
Two standout reasons advisers consider switching licensees
Advisers are generally more satisfied with how their licensees are supporting them this year according to CoreData, but there remain two key service offerings that – if another licensee could provide them better – are significantly more likely to prompt an adviser to change dealer groups.
October 06, 2020
FASEA’s Glenfield: 10,000 qualified advisers a ‘strong’ story
Past the halfway point in its exam transition program, the authority’s CEO says its time to acknowledge what the uplift in professionalism means to consumers. “I had faith in the outcome of this,” Stephen Glenfield tells Professional Planner.
October 02, 2020
