Hayne orders about-face on OSAs
The commissioner has recommended that service contracts be delivered annually, and be much more focused on the value of the future service to be delivered.
February 04, 2019
‘This cannot continue’: Hayne dresses down advice
Institutions will continue to own advice businesses but their models will be tested as new expectations for disclosure and service agreements emerge in a heavily regulated environment.
February 04, 2019
Super fund bosses to get BEAR treatment
The Commissioner said fund trustees and insurers should be accountable in the same way bank bosses are under the BEAR.
February 04, 2019
Hayne backs ‘one default account’ for new members
A single "default" super account should be mandated for Aussie workers according to Commissioner Kenneth Hayne.
February 04, 2019
Hayne forces trustees to lift game
Trustees will be forced to lift their game and their roles will be restricted to avoid conflict under Hayne's recommendations.
February 04, 2019
Client file ‘look back’ requests: no end in sight
Requests for client files prompted by ASIC programs and surveillance have become so onerous they’re strangling some advice businesses. The situation is likely to get worse this year, not better.
February 01, 2019
CFP review delayed, not immediate focus
The FPA is weighing up how it can reshape the CFP designation after being blindsided by FASEA, but the review the association announced in December is on hold, for now.
January 31, 2019
ASIC’s adviser levy to be invoiced this week
The regulator’s new funding model has arrived, with sources confirming the bill – almost $1000 per adviser – will be sent to licensees in the next few days. Tahn Sharpe writes.
January 30, 2019
Finance jobs down but there is a silver lining
A new report from Sunsuper has highlighted the effect of the royal commission on hiring in financial services but there could be hope for a rebound on the way.
January 29, 2019
MLC launches wealth assault, cuts admin fees
The MLC fee announcement represents a significant shift in the way major platforms plan to work with dealer groups in the future as they bring wholesale pricing to end investors.
January 29, 2019
Assumption a barrier to advice for LGBTI community
Advisers should make it known that they accept clients of every race, gender and sexuality, says Glen Hare. But keep in mind that making assumptions will only put them off.
January 25, 2019
