Industry

Licensees

Scaled advice, ROAs and fintech key to industry recovery: Hume

The Minister highlighted the role of ‘single issue’ advice in bringing the industry back to life and implored ASIC to be ‘forward leaning’ in facilitating the rollout of tools advisers need to flourish.

Tahn SharpeJune 2, 2020

Industry

ASIC on the hunt for unlicensed advice and scams

Executive director Joanna Bird said the corporate regulator has twin projects focused on protecting “vulnerable” consumers during the pandemic, at the Professional Planner Digital Licensee Summit this morning.

Tahn SharpeJune 2, 2020

Licensees

Institutional retreat leaves licensees without ‘capital keel’

The institutions’ exodus from advice has left large cohorts of licensed entities without capital adequacy and operating “unobserved” by the regulator, according to CoreData chief Andrew Inwood.

Tahn SharpeJune 1, 2020

Industry

Still waiting on Madison; Iress to buy OneVue

Listed financial services technology provider Iress made an offer for OneVue which resulted in a more than 56 per cent jump in OneVue shares on Monday. A separate resolution regarding the sale of Madison Financial Group is expected to be imminent.

Matthew SmithJune 1, 2020

Licensees

Financial Adviser Licensee Owners List 2020

The great wealth exit by the banks has played out in the last 12 months and is now reflected in shape of the industry as many advisers have chosen to go down the self-licensed route and many more have left the industry entirely.

Professional PlannerMay 29, 2020

Industry

Industry funds’ advice plans have not progressed

The growth of industry funds' inhouse advice businesses has been hampered while acquisitions raise governance questions and conflicted advice remains an open discussion.

Matthew SmithMay 29, 2020

Industry

Crisis spawns a pro-bono advice experiment

A move to trade licensee fees for pro-bono advice by IOOF could result in advisers engaging a portion of the population that may not have otherwise used a financial adviser.

Matthew SmithMay 28, 2020

Industry

Claims advocacy ripe for regulatory reform

It’s arguably the most important service an insurance adviser provides, yet there is no regulation around the provision of claims advocacy and it is rarely written into advice contracts.

Tahn SharpeMay 27, 2020

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