BT hedges its bet on future of licensees
The head of BT Open says the wealth giant is ‘not shy’ about taking market share from dealer groups but still values the licensee arrangement and believes they can coexist.
November 02, 2018
Franking-credit plan soaks more than rich, critics say
Ending tax refunds on franked dividends would hurt those who can least afford it, an alliance including the SMSF Association argues.
November 02, 2018
Wealth divestment a ‘strategic highlight’: Thorburn
The NAB chief called a $360 million remediation bill a “disappointing outcome” during the bank’s 2017-18 results announcement but celebrated the decision to offload the wealth arm.
November 01, 2018
Analysts doubt appetite for wealth businesses
Concerns about potential added costs and lost revenue due to the royal commission have led to negative commentary about the value of banks’ planned wealth management spinoffs.
October 31, 2018
Assistant treasurer attacks Labor’s ‘retiree tax’
Stuart Robert ripped into Labor’s franking credit plan in Sydney today, asking how it could be targeted at the top end if 96 per cent of those affected earn less than $87,000.
October 30, 2018
Commission bans, not FASEA, hit practice values
As the industry braces for a likely end to grandfathered commissions, the value of advice firms has dropped 15pc. Whether they bounce back or fall further depends on whom you ask.
October 29, 2018
Advice in the wake of Hayne
Kenneth Hayne jolted institutions into high-profile moves to ban some conflicted remuneration but there are more issues to address and there will be more announcements to come.
October 26, 2018
AMP no longer wants to be the biggest
The advice giant announced the planned IPO of its NZ advice business and the sale of its life insurance arm, as part of a plan to reduce capital reliance and win back inflows.
October 25, 2018
Take US-China risk seriously, Magellan CIO warns
A fireside chat between the former deputy director of the CIA and Magellan CIO Hamish Douglass highlights a real and present threat to markets from China-US relations.
October 24, 2018
Banks will start to look less alike: Elliott
The evolution of data usage and technology has pushed banks to explore partnerships and start grappling with their source of competitive advantage.
October 22, 2018
AFCA expects ‘big spike’ in disputes
The new complaints body’s chair, Helen Coonan, expects a flood of cases from consumers emboldened by news from the Hayne royal commission.
October 22, 2018
ASIC to embed inspectors ‘as early as next week’
The regulator has warned that its new inhouse inspectors will be embedded within the big five within "days and weeks" and that super funds may be next. Alice Uribe writes.
October 19, 2018
