ASIC deflects Trowbridge’s risk advice pay warning
The architect of the 2015 Life Insurance Review said the government’s failure to heed his warning on adviser remuneration has left riskies “unable” to service smaller clients. Most insurance is through super anyway, ASIC’s deputy chair responded.
July 30, 2020
Advice industry may have jumped the gun on reform
Half of the Hayne reforms are still unresolved, a panel has heard, but now may be the time to ask if the industry responded in the right way and whether it's got the foundations right for an advice reset.
July 29, 2020
Ground yourself in a purpose: Damien Mu
The CEO of AIA in Australia and New Zealand breaks down his path to the "privilege and responsibility" of leadership in the inaugural Defining Leadership session with Conexus Financial CEO Colin Tate.
July 29, 2020
‘Vanilla’ beta not so sweet as bonds lose their lustre
Investors are at a bit of a crossroads as traditional fixed income products pull in yields close to zero and liquidity issues forcing intermittent ‘dislocation’ of bond prices beyond fair value, according to fund managers.
July 28, 2020
LIF review should push beyond reforms: FPA, AFA
The Life Insurance Framework was too focussed on remuneration and missed more pressing issues vital to the industry, say the associations, who have challenged ASIC to take a broader view in its scheduled 2021 review.
July 28, 2020
The new defensive: Is there life after bonds?
Investors are facing some deeper thinking about defensive asset classes, portfolio diversification and income generation in light of the diminished attributes bonds now hold due to the unique circumstances financial markets are throwing up. Experts discuss the evolving environment and consider relevant defensive strategies.
July 27, 2020
Treatment in lieu of lump sums for mental health claims: Hume
The Senator spoke of the growing challenge soaring mental health claims are presenting to the insurance industry, and said the government is “open” to looking at treatment and prevention funding in lieu of large lump sum payments.
July 27, 2020
Outsourcing no automatic panacea for advisers
While many practices embrace outsourced solutions for paraplanning and data tasks, consultant Sue Viskovic says they won’t lend any efficiencies to the business unless the process behind the work is sound.
July 24, 2020
ASIC disconnected from compliance reality, advisers say
The regulator’s promise to reduce compliance costs doesn’t gel with their hard line on ‘lookback’ requests, advisers say. Fear still runs rife in the industry and is stifling efforts to reduce the cost to serve.
July 23, 2020
‘Moral imagination’ key to ethical advice: Academic
Acting ethically in an unethical world can be problematic, says UNSW’s Tracy Wilcox, but creativity and a willingness to see other perspectives can help advisers find a way.
July 22, 2020
Advice delivery could be cheaper, ASIC investigates
Advice delivery should be cheaper, many believe, and ASIC is currently investigating why it's not and what can potentially be done to make the delivery of advice more affordable.
July 21, 2020
