US professor tells Hayne how to fix advice conflicts
The commissioner reached out to Sunita Sah for help on dealing with advice conflicts; she told him disclosure won’t work and neither will education or penalties.
November 13, 2018
Headfirst: mental health drives insurance code update
The Financial Services Council’s new draft Code of Practice includes a number of proposals aimed at doing more to accommodate mental health and the welfare of consumers.
November 12, 2018
Time to stop the diversionary tactics
University degrees won't improve ethics, the suggestion that they will is just a diversion from the real problems the industry faces. Robert M.C. Brown writes.
November 12, 2018
US advisers follow Australia’s lead on best interests
The US advice industry is moving towards a model that makes best-interests duty a mandate for all, much like in Australia, a Morningstar executive says.
November 09, 2018
Young and old: FASEA’s great divide
As the FASEA reveal draws nearer, the intentions of advisers and just which groups in the industry will be affected the most are becoming clear.
November 09, 2018
FASEA to shake things up for licensees, too
ASIC’s proposal to make responsible managers meet the new adviser standards will create ‘two classes’ of managers within licensees, industry experts say.
November 08, 2018
Take care jumping into global stocks if Labor curbs franking
Investment professionals say SMSF holders need to be careful how, and when, they reallocate assets in response to the proposed plan to limit franking credit refunds next year.
November 08, 2018
Labor wouldn’t reject any of Hayne’s recommendations: Bowen
The banks appear to be ‘reading the writing on the wall’ when it comes to ownership of product and advice, shadow treasurer Chris Bowen has observed.
November 07, 2018
Over-regulation hurting advice: Statewide Super
An exodus from the industry and fewer low-income recipients of advice are among the potential downsides of excessive regulation, the industry fund states.
November 07, 2018
AMP not a lone voice backing commissions
The beleaguered wealth giant says a proposed hard cut to grandfathered commissions may hurt advice firms, advisers and clients – it’s not the only one.
November 06, 2018
A tale of two reports: reform’s failures in black and white
Lack of practical understanding about how advice, superannuation and taxation issues work has contributed to the failings of regulation’s past, Max Newnham writes.
November 06, 2018
PM says no ‘policy paralysis’, interventions to continue
Prime Minister Scott Morrison says the Coalition won’t be inactive in the six months leading up to the election and that ‘targeted’ moves in areas such as finance will continue.
November 05, 2018
