Design and Distribution bill will change how products are sold
A new parliamentary bill could force financial product providers to publicly state and periodically review their intended market, but at a cost.
October 11, 2018
Banks only scratch surface on conflicted remuneration
Institutions have made bold moves to ban grandfathered commissions but have left intact arrangements such as asset-based fees and volume payments from platform providers.
October 10, 2018
Next downturn won’t be ‘that bad’: J.P. Morgan
The investment giant has predicted that, while key risks abound, global markets are much more stable than before and any downturn won’t be as dramatic as the GFC.
October 10, 2018
Educators plan courses in absence of FASEA guidelines
Universities and other providers are offering programs based on draft proposals, instead of waiting on the new education framework. Tahn Sharpe writes.
October 09, 2018
Labor franking credit plan could add SMSF members
Banning tax refunds for franking credits could result in more SMSF members, rather than encouraging people to move into regulated funds, Max Newnham finds.
October 08, 2018
PIMCO wins top gong at PP | Zenith Fund Awards
Check out all the winners and runners up across 19 categories in the Professional Planner, Zenith 2018 Funds Manager of the Year Award.
October 05, 2018
BT fights back on Panorama fee kerfuffle
The wealth manager has responded to accusations that its headline 15bps fee masks sub-par fee performance overall, presenting new figures from research house Chant West.
October 04, 2018
Licensees will be on the hook for best-interests lapses
The ability to prove rigorously that a product recommendation is in a client’s best interests does not currently sit within an adviser’s toolkit – that needs to change.
October 03, 2018
Banks will face crisp penalties not wet lettuce
The inquiry’s interim report suggests regulators will soon be tough enough to make big institutions think twice about wrongdoing, Andrew Main writes.
October 02, 2018
Soft skills for life
A recent survey on what clients want out of insurance services reveals consumers value a personal relationship with their adviser most.
October 02, 2018
FPA, AFA chastised in interim report
Commissioner Hayne singled out the FPA and the AFA for their lack of involvement in adviser conduct standards. "Much will depend on" their ability to improve, he wrote.
September 28, 2018
