Meanwhile the government says it wants to lower the cost of advice. The governments regulator is ballooning how much t...
If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...
Commissioner Hayne recommended Consent Forms to stop Bank Executives [not Advisers] illegally taking fees out of consume...
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....
OK great, now we will have another fund that all good advisers need to contribute to, to take care of all the bad advisers who fleeced their customers, which will add another layer of costs above ASIC fees. Then there will be costs to manage this fund so another lot of infra costs especially when they mismanage the funds. Anyway, wasn't this what the PI cover was to pay for?
I have lived in 6 other countries and this is the first 'Western' country, with its parliamentary democracy etc etc and I am astounded, truly astounded with the ease with which regulators arm themselves with powers, for which there is just no accountability. You would think this happened only where there were tin-pot dictators. Guess not so..