ASIC reveals grandfathered commissions review agenda
The regulator submitted a response to question from the PJC in October last year that sheds light on the parameters for its review into grandfathered commissions, which ASIC has prioritised during the pandemic.
August 14, 2020
De Ferrari admits culture hasn’t been the priority at AMP
During H1 results calls the AMP boss revealed “recent events” have led to cultural reform overtaking operational reform on the priority list, and that an expected 30 per cent reduction in advisers won’t “materially affect” outflows.
August 13, 2020
Fear of a COVID-related suicide pandemic: Mental health advocates
A group of psychologists, social workers, industry leaders and mental health experts have come together to address the mental health crisis that lays beneath the pandemic - this is the first in a series of articles designed to start a broader conversation about this important topic.
August 12, 2020
Resilience is learned, not inherent: Olympian Alisa Camplin
Australian Winter Olympic gold medallist Alisa Camplin has drawn on all her techniques for managing stress in her sports career using performance psychology to manage her mental health in light of the impacts from COVID.
August 12, 2020
Class action to take remediation out of banks’ hands
A lawyer leading the case against AMP, Westpac and CBA explains the nature of the class action’s investigation and points out the problem with asking institutions to run their own remediation programs.
August 11, 2020
Let RoAs cover basic questions for non-advised members: ASFA
The super fund association will lobby for all advisers – fund or otherwise – to be able to use RoAs for a specific set of common member enquiries, regardless of whether an SoA is in place.
August 11, 2020
A message for advisers: ‘Play the piano, don’t move it’
Advisers should aim to spend about 80 per cent of their time in face-to-face contact with clients or connected via other means. Getting the right mix of client versus 'everything else' time could require consideration of outsourcing and offshoring options, David Haintz writes.
August 10, 2020
Superannuation: an industry tearing itself apart?
Any industry which cannot work through its infighting to resolve industry challenges is likely to be viewed skeptically. Of course, for superannuation the majority of contributions are mandatory: this should be a sector where self-interest doesn’t exist.
August 10, 2020
Take the pressure off staff: Macquarie’s West
One of the Sean West’s first learnings around mental health during the pandemic was to not expect everyone to be as efficient as they would normally would be, because this is not a normal situation.
August 07, 2020
Funds lambasted by ASIC for marking members as default smokers
ASIC's Danielle Press said the funds that have remediated members have 'heeded' lessons from the royal commission. To date, the same can't be said for AMP, IOOF and Suncorp.
August 07, 2020
Advisers ‘in the driver’s seat’ with licensee choice
Increased competition, declining adviser numbers and changing models are combining to give advisers increased leverage over licensees, a panel has heard. The things advisers need to be aware of in this environment are changing as well.
August 06, 2020
Wade’s AMP departure cloaked in mystery
The nature of Wade's resignation after less than two years in the role is unclear, with a statement released by AMP shedding no light on the reasons behind it.
August 06, 2020
