Advisers flee risk advice in droves
The number of risk specialists in advice has dropped from 34% to 15% in five years with the LIF laws, overbearing compliance, FASEA and looming threats to upfront commissions to blame.
November 21, 2019
Silk says mega funds are good for members
Ian Silk, the head of the country’s largest superannuation fund, AustralianSuper said the rise of the mega fund is good for the industry as long as it provide benefits to members.
November 21, 2019
‘Life first’ advice transcends cost
People want advisers who understand them, who can help them untangle the psychological and emotional aspects of money and who can establish a platform that allows them to live their best possible lives.
November 21, 2019
How to not snooker yourself when ASIC comes knocking
‘Most people panic’, Rhett Das says, when the regulator reaches out as part of a surveillance exercise or investigation. But panic is still better than procrastination.
November 20, 2019
ASIC powerless over property spruikers
Commissioner John Price addressed the regulator’s role in policing property investment advisers, telling senator Peter Whish-Wilson they “are not actually financial advisers” and therefore out of ASIC’s jurisdiction.
November 19, 2019
Rebalancing in an age of FOMO
Sequencing risk could be more relevant for retirees than it has been for many years, making active management and capital protection even more important.
November 19, 2019
David Bell to head new Australian retirement think-tank
The Ex-Mine Super CIO has been appointed executive director of the Conexus Institute, a think tank that aims to become a catalyst for change in the Australian retirement sector.
November 18, 2019
Apps to become key SoA delivery tool
From paper documents to PDFs, SoA delivery has come… not far, really. The next, long overdue leap will be apps that both deliver advice and record the client’s level of understanding.
November 18, 2019
ASIC announces 3-year code monitoring hiatus
The extended exemption from compliance scheme membership could indicate either an anticipated delay in the new body’s formation or a grace period for advisers.
November 15, 2019
NAB underestimated MLC separation
Spinning off NAB's wealth arm was "simply not possible" within the time frame the bank originally laid out, Phil Chronican revealed to the house of reps standing economic committee.
November 15, 2019
FASEA faces heat at Sydney consultations
The authority’s CEO and board members have had a challenging week debating conflicts, referrals and remuneration with a slew of fired-up industry representatives.
November 14, 2019
