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....
ASIC should focus on "real" issues. Fee for no service is a confection of an egotist - Hayne.
ASIC needs to pay more attention to the construction sector and builders going bust and taking money from clients and subcontractors. Some of the guys are serial rogues. Also what about suspect floats and the money lost there.
My contention is that in the vast majority of cases no real loss was incurred in this "fee for no service " fantasy. Certainly not the billions paid out.
ASIC's attitude and approach is all about going for good media coverage to mask their incompetence or lack of drive in their core role.