Hartzer details 14,000 client Viridian transfer
The Westpac CEO provided some detail around the transfer of its wealth management cohort to Viridian during a “disappointing” full year results announcement.
November 04, 2019
CFS mulls early commissions ban
CBA’s wealth arm has already sent letters to some advisers with clients on its FirstChoice platform regarding service fees and is planning to bring forward its grandfathered commission ban.
November 01, 2019
Allan Gray doubles down after rough patch
The contrarian investor admits it has had a "difficult year", but it has no intention of giving up the search for value and will ride out the “money bubble”.
November 01, 2019
ANZ’s 1000-strong remediation army revealed
The bank is throwing everything at its program to compensate victims of its wealth management scandal after struggling against what chief executive Shayne Elliot called “a whole bunch of issues”.
October 31, 2019
ASIC’s Westpac win to colour general advice agenda
The regulator’s recent court victory against Westpac not only put wind in its sails after some bruising losses, but could inspire it to make good on a plan to recategorise advice entirely.
October 29, 2019
MP flags data deficit on elder abuse
Labor Senator Deborah O’Neill said financial abuse of older Australians makes her “skin crawl”, but our ability to do something about it is hampered by a lack of information.
October 29, 2019
‘Scaled’ advances despite disclosure concerns
Limited scope advice can bring financial planning to the masses, but disclosure remains a key issue for providers according to Six Park CEO Patrick Garrett.
October 28, 2019
Where’s the love? Licensees turn on advisers
Institutions and large licensees are exiting advice and holding their reps to ransom with contract terms that may have been overlooked and seem at odds with the partnership that have been built up over time.
October 25, 2019
Value trumps all in client stakes: research
Whether or not clients perceive they are getting value underpins the decisions relating to whether they join or leave a financial adviser, which is why explaining value is so important Simon Hoyle writes.
October 24, 2019
Kelty fires up: ‘Leave super alone’
The ex-ACTU leader, regarded as one of the fathers of superannuation, gave a passionate plea to policy makers and the populous to stop meddling with the nation's retirement system.
October 24, 2019
Cracking the code: Life under Standard 3
FASEA's Code of Ethics will force a fundamental review of the motives and business models of industry participants, Robert MC Brown writes.
October 23, 2019
