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
‘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
