AMP wears the cost of bad advice
The wealth management giant gave shareholders a look at what it would cost to clean up past failings and prepare for the future.
July 27, 2018
Time to ‘reflect and reform’: O’Dwyer
The financial services minister has implored the industry to draw a line in the sand in the wake of the royal commission. The opportunity, she says, is unprecedented.
July 26, 2018
AFA doubles down on grandfathered commissions
The AFA’s Phil Anderson say critics of the body’s stance on retaining grandfathered commissions, including the regulator and a consumer advocacy group, are misinformed.
July 26, 2018
Are most advisers really doing the right thing?
Panellist at Financial Services Council Summit says the default assumption that most advisers are doing right by clients isn’t backed up by numbers and impedes reform.
July 25, 2018
Accountants undervalue advice referrals
Omniwealth executive Matt Kidd says accountants are getting the wrong end of the stick with referrals and that a particular joint-venture structure can address this.
July 25, 2018
Vertical integration continues amid criticism
Despite growing uncertainty, and warnings from governance experts such as professor Thomas Clarke, businesses continue to combine products and advice.
July 24, 2018
Platform wars: challengers emerge, institutions respond
Four years ago, a small army of upstarts established a foothold in the investment platform market. Now, advisers and providers are scrambling for the higher ground.
July 23, 2018
Professional Planner | Zenith Fund Awards finalists revealed
Bennelong and Antipodes lead a heavyweight field in this year’s list of finalists for the coveted fund awards, to be held at the Ivy Ballroom in Sydney on October 5.
July 23, 2018
Investment education standards missing
FASEA’s lack of focus on investment capabilities mirrors ASIC’s approach to oversight of wealth management businesses, industry veteran Graham Rich reckons.
July 19, 2018
ASIC warns advisers: know your product
The regulator’s new powers and focus have taken its oversight of the design and distribution of financial products to the next level.
July 18, 2018
Familiar voices are alarmed
The IMF, Bridgewater and Warren Buffett all have something to say about asset prices in technology, real estate and listed equities at the moment. Perhaps we should listen.
July 18, 2018
