‘Siren song’ of finance sucked in advisers
The commissioner’s interim report suggests his recommendations will focus on empowering and educating individuals to do the right thing, not adding more legislation.
September 28, 2018
Hayne calls out regulators’ lack of action
The commissioner took ASIC and APRA to task for rarely if ever going to court against entities it accused of wrongdoing and often imposing what he deemed inadequate penalties.
September 28, 2018
Let’s not have another FoFA
Commissioner Kenneth Hayne’s report shows he is keenly aware of the failures of FoFA and is keen to avoid letting history repeat itself.
September 28, 2018
More trouble expected for banks in wealth
Analysts are tipping rising compensation costs and sliding share prices for the banks following the Hayne inquiry. The banks’ adviser numbers are already falling.
September 28, 2018
Advice firms planning reactions to royal commission, FASEA
A high proportion of advisers will change their business models within the next 18 months, a PP Online poll reveals.
September 28, 2018
Hayne report to push new advice standard
“Most wrongdoing is done by good people,” The Ethics Centre executive director Simon Longstaff says, while discussing the Hayne Inquiry’s upcoming recommendations.
September 27, 2018
Inquiry could force banks to halve dividends
As the industry holds its breath for the commissioner’s recommendations, one expert warned that the gravy train of bank dividends could come to a grinding halt.
September 27, 2018
Advisers see regulation, FASEA standards hindering growth
New research shows the compliance burden and FASEA’s impending standards are the greatest perceived threats to growth. Advisers will look to licensees for help.
September 24, 2018
Advisers are over-diversifying: panel
Michael Furey thinks managers spreading risk across a glut of funds is folly. Look for more idiosyncratic risk factors, he says, if you want real alpha.
September 21, 2018
How to find the disrupters amid the disrupted
Sorting the winners from the losers as tech evolves means placing quality and earnings above ‘blue sky’ thinking and analysing the broad tech sector segment by segment.
September 20, 2018
BT denies claim its platform fees don’t stack up
The provider has hit back at a Bell Potter study that states the pricing on its flagship Panorama platform suite is more expensive than headlines suggest.
September 19, 2018
