NAB’s WEXIT delayed again, plan remains a mystery
The company linked its remediation project, operational challenges and a torrid industry environment for yet another delay in the separation of its MLC wealth management business.
February 13, 2020
De Ferrari accepts bonus hike as AMP takes a bath on profit
The AMP board decided to award its CEO a 60pc increase in bonus incentives on the same day it announced shareholders wore a $2.5 billion net loss and 440 advisers left the company in 2019.
February 13, 2020
ALP supports FASEA extension through firmly gritted teeth
A Bill to extend the adviser exam and education cut-off date passed the house of representatives with the reluctant support of Labor MPs in Canberra yesterday.
February 12, 2020
Fee for service ‘the new normal’: Clearview
The listed provider’s managing director sounded off at its annual roadshow on evolving fee structures, dealer groups getting “shafted” and the “wall of regulation” facing advisers.
February 12, 2020
The super fund execs on big bucks
UniSuper investment chief John Pearce is the highest-paid executive among Australia’s industry superannuation funds and is one of 10 to take home a pay packet of more than $1 million.
February 11, 2020
Pension minimums ‘nudge’ retirees to spend less, not more
A recent UNSW study found that regulated minimum drawdowns are being interpreted as proxy financial advice and inhibiting retirees from spending their savings.
February 11, 2020
Invest in line with how old you feel
How old do you feel? Academics at Maastricht argue that not only our true age but also our subjective age should be integrated into designing and marketing financial products and services like target date funds and pension products.
February 10, 2020
OneVue to sell Madison ASAP
OneVue wants to avoid being vertically integrated and isn't interested in owning advice, which is why a process to sell Madison Financial Group will begin as soon as possible, OneVue CEO Connie McKeage has confirmed.
February 10, 2020
OneVue ends up with Madison following Sargon stumble
Platform services business OneVue has picked up Madison Financial Group in the wash up of the Sargon receivership, but its longer-term plans for the advice business remains unclear as it pushes ahead with a previously planned share buyback.
February 07, 2020
The world of ‘compass’ advisers and ‘radio’ clients
A recent report earmarks four types of ‘navigators’ that can help planners identify what motivates their clients, how to interact with them and what they really want from their adviser.
February 06, 2020
‘Watershed moment’: Annual opt-in, independence disclosure bills released
Advisers have a scant five months to overhaul their operations after the government made good on its promise to roll out some of Hayne’s most impactful royal commission recommendations.
February 06, 2020
PI insurance woes to continue another 2 years
Finding PI insurance has never been tougher for AFSL holders, and the market is set to further harden before the cycle reverts. The reason is clear: “Losses, losses and more losses…”
February 05, 2020
