What do you think the motivation is behind this broadly worded legislation Peter? Is it to make it harder for retail ...
The FSC should have thought about this when they cooperated with O'Dywer/Frydenberg/Hume/FPA/AFA 10 years ago when this...
Sick of it. Canberra is a joke....
AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....
A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...
The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....
Thanks Phil. Keep on raising the issues with the Code of Ethics. Every aspect of it needs to be revisited, and not by the legal practitioners who were responsible for writing it in the first place.
eg Standard 7 - how can a client give free, prior and informed consent to the benefits an adviser may receive when they themselves have no idea of the benefits they will receive by obtaining advice in the first place.
Standard 7 clearly includes fees in the benefits an adviser can receive.
My experience is that clients who can see the value of the advice they have received are far more likely to be able to give "informed" consent to fees. Or has win/win gone out the window?