With the banks gone ASIC is sure to focus more on smaller advice groups, Andrew Inwood said. The speed – and eventual cost – of that might have a lot to do with the regulator's new leadership team, he reckons.
Tahn SharpeMarch 5, 2021
Less than an hour after Labor’s Stephen Jones said insurance commissions were “a problem”, Liberal MP and ex-planner Bert van Manen called them a “perfectly valid form of remuneration”. Despite his endorsement, financial services minister Jane Hume says the government will also wait on the LIF review's findings before making a call on the issue.
Tahn SharpeMarch 3, 2021
Providing quality outcomes for Australians in retirement requires more coordinated thinking and a collective push for a retirement advice framework to become mainstream. With a greater sense of urgency, a group of influencers in wealth management bring their next-level thinking to the table.
Jessica SierMarch 2, 2021
The shadow financial services minister reaffirmed his bias against insurance commissions and all but vowed to eliminate anything resembling conflicted remuneration out of the industry if Labor wins the next federal election.
Tahn SharpeMarch 2, 2021
Representative bodies question why the terms general advice, intra-fund advice and even robo-advice are still being used. But after being bandied around by stakeholders from all corners, the issue has failed to really pique the interest of policymakers.
Tahn SharpeMarch 1, 2021
Treasury will decide on new record-keeping obligations for advisers after the related Bill’s passing, which means not only further delay but a lack of parliamentary scrutiny. The tactic is part of a broader strategy by the government, according to Mills Oakley partner Mark Bland.
Tahn SharpeFebruary 26, 2021
Despite wanting to bring on "the majority" of MLC advisers, IOOF CEO Renato Mota said the group will reduce its self-employed network and focus on making the group more sustainable and profitable.
Tahn SharpeFebruary 24, 2021