MLC reveals licensee review in new wealth structure
Geoff Lloyd emphasised MLC’s plan to invest in and grow advice – but also noted the way advice has been delivered in the past needed to change – as the group’s new structure was revealed.
April 03, 2019
Changes to Super: Budget brings stability
The Federal Budget has brought stability to superannuation and enhanced confidence in the nation’s retirement funding system, according to ASFA's Martin Fahy.
April 03, 2019
Sole purpose test needs broader thinking: Mercer
Questions around whether the superannuation industry is broadly “fit for purpose” given the country’s changing demographics should be considered along-side APRA's review of the sole purpose test, according to one expert.
April 02, 2019
Viridian takes deal to Securitor and Magnitude advisers
Self-licensing appears to be the option du jour among Westpac aligned dealer authorised reps who will listen to the pitch from Viridian advice executives this week and next.
April 01, 2019
Advisers using managed accounts to squeeze managers
As the flow of funds into managed accounts continues, competition has forced many product providers to rationalise their pricing, which is shaping an entirely new dynamic in the advice landscape.
March 29, 2019
Time to fight for your profit margin
The shift from subsidised to client-centric advice will result in a fee compression across the industry, but the smart advisers and practices will be able to maintain and grow margins over the long term.
March 28, 2019
Private capital stepping in to fund advice acquisitions
At a time when banks are cutting thousands of authorised representatives loose, private equity, venture capital and family offices are stepping in.
March 27, 2019
Time to stop the financial literacy lip-service
Financial literacy has in many cases become a hollow promise which has been perpetuated by marketing departments of institutions and it’s time for education providers to lift their game.
March 25, 2019
The speed of reform: through the client lens
The desired pace of change in the wealth management and advice industry differs dramatically between professionals and their clients, new research shows.
March 22, 2019
