Industry Updates

AMP’s biggest challenge yet: silos to clients first

Despite his unwavering belief in the once mighty brand, AMP head of Wealth Alex Wade admits the corporate giant has a lot of work to do in veering from product led advice to a model built on client centricity.

ASIC asks providers for commissions ban data

The corporate regulator will survey providers that pay grandfathered commissions as part of its quantitative review of the industry’s transition away from conflicted remuneration.

Advice in the 2020s about empathy, not information

Values needs to move from the periphery to the focal point, because when it comes to information provision the machines have got advisers beat according to Tassos Stassopoulos.

Corporate cop warns of conflicts ahead

ASIC Commissioner, Danielle Press, says in-house investment teams at super funds are being watched, as is the uptick in merger activity across the industry. If something goes wrong, the regulator with the best tools will step in. 

Guided by evidence: Risk advice’s single Canberra message

Senator the Hon. Jane Hume joined Australian Labor Party ministers and representatives of the regulator to listen to front line advisers talk about the everyday work they do with clients in advance of the insurance segment’s landmark review which will kick off in 2021.

Global risk a ‘sobering picture’: Shyam-Sunder

There's no framework for understanding the risks in current global financial markets, according to the World Bank Group's chief risk officer who gave a sobering speech in Sydney on Tuesday.

Future Fund’s Neal: ‘environment remains challenging’

Despite volatile conditions, Australia’s sovereign wealth fund has delivered a strong annual return of 11.5 per cent as its assets climbed to $162.5 billion at the end of the financial year.

Exclusive interview: FASEA’s Glenfield on a defining year for advice

FASEA's chief executive reflects on his own resilience following the advice industry's most defining year.

ASIC’s Shipton ‘clear eyed’ on using the courts

ASIC's chair had a laundry list of priorities to share with an FSC delegation in Sydney this week; high on his agenda was a justification of the regulator's use of the courts.

Blueprint: A new model for advice

Advice is less about increasing a client's wealth and more about helping individuals or families achieving what really matters to them. Simon Hoyle outlines a new blueprint for what the future advice client and business model might look like.

Side by side: Trust is earned over time

Ninety-year old Peter MacGill is one of the “nice guys of the world” according to his adviser, David Dall. He’s a listener, a gentleman, really polite, always appreciates the time and the advice, but he won’t action every recommendation.

Adviser time-frame concerns being considered: Hume

Senator Jane Hume signaled policy actions could be considered to address the tight transitional timelines for advisers required to meet new professional standards.

Previous Next