Remediation lures exiting advisers
A financial services recruiter says firms don’t want ex-advisers as BDMs, but there are plenty of “six-figure” remediation roles with less risk and normal working hours.
May 27, 2019
ASIC asks licensees for grandfathered commissions status
In the first salvo of the industry’s move to extricate grandfathered commissions, the regulator sent letters to several licensees recently asking how much of it is on their books.
May 24, 2019
Synchron head flew to UK to uncover real commissions story
The co-founder of Australia’s second-largest life insurance adviser network reveals how the Towbridge Report prompted him to search for the truth about risk commission bans.
May 23, 2019
Associations unite over FASEA exam deadline extension
Both the FPA and the AFA will lobby government for the adviser exam deadline date to be pushed out at least 6 months after FASEA delayed the testing start date and the release of crucial guidelines.
May 22, 2019
Advisers ‘unprepared’ for FASEA aged care questions
The co-director of Aged Care Steps, Assyat David, says most advisers have ‘chosen to ignore’ aged care advice, which will make it difficult for them to get through FASEA exam.
May 21, 2019
ASIC deputy chair explains ‘why not litigate?’ policy
Litigation is a now a 'foundational tool' for ASIC, according to deputy chair Daniel Crennan QC, reflecting a “societal shift” towards more proactive regulation.
May 20, 2019
Success on purpose: what makes a good practice plan
Business planning is not just for advice businesses. With fiscal year 2020 looming, advisers themselves need to plan as well, writes David Haintz of Global Adviser Alpha.
May 17, 2019
ETF risk a ‘haunting thing’: IOSCO
An executive at the global securities association likens the hype around ETFs to that around structured products over a decade ago, and warns against another GFC-type scenario.
May 15, 2019
Sicilia: PE multiples will rise as investors chase scarce profits
Australian equities are undervalued and price-to-earnings multiples will climb dramatically, but institutional investors should be ramping up their exposure to shares even as prices rise.
May 15, 2019
CFP owner says course ‘isn’t bound by minimum standards’
FASEA’s allocation of only 2 units to the CFP designation shouldn’t stop advisers striving to demonstrate their professionalism, says FPSB chief executive Noel Maye.
May 14, 2019
Advisers can have 1000s of clients each: Feeney
Limiting client registers to a few hundred clients could be emblematic of an outdated business model using technology the wrong way, according to the CEO of Map My Plan.
May 13, 2019
