CommInsure grilled by Hayne inquiry
CommInsure's Helen Troup accepted the bank was motivated by "commercial considerations" in not updating a heart attack definition, which led to rejections of valid claims.
September 12, 2018
More class actions against retail funds ‘within weeks’
AMP and Commonwealth Bank’s Colonial First State were singled out by a law firm that could file class actions in which “a third of adult Australians” could be eligible.
September 11, 2018
Regulatory uncertainty tapers managed accounts growth
It appears there is no shortage of interest in managed accounts but doubts about the viability of business models going forward have put many advisers into a holding pattern.
September 11, 2018
Insurance round opens with long list of misconduct
The fist insurance round of the Hayne royal commission got under way with council assisting Rowena Orr producing a long list of admitted wrongdoing by industry giants.
September 10, 2018
BT pulls the pin on entry-level advice business
BT Financial Group has a consultation process under way for advisers who will be displaced as it abandons one of its advice strategies.
September 07, 2018
Everything’s going to be OK
Forget about easily commoditised services, clients want you to show them their finances are in good shape for what they want to do, David Haintz writes.
September 06, 2018
On the M&A front: ‘Everyone wants engaged clients’
Advice practices with large per-adviser client registers are potentially being discounted in the open market, one M&A specialist says.
September 05, 2018
Who’s on board? Education and the new world order
The ride to professionalism requires getting the right people involved and leaving the rest. Those who don’t want to make the trip are better off exiting before they’re pushed.
September 03, 2018
Death of the licensee as we know it
How quickly the role of the licensee today passes into extinction will depend heavily on the industry’s progress towards professionalism, one expert says.
August 31, 2018
