Royal Commission

Financial planning

The Institute of Managed Accounts Professionals has told the Royal Commission that managed accounts should be regarded as a form of advice rather than as a product....

Financial planning

BTFG execs paid price for RC issues

Westpac chief executive, Brian Hartzer has confirmed that senior executives within BT Financial Group suffered significant remuneration consequences for issues raised at ...

Financial planning

CBA staff misunderstood client relationship

Commonwealth Bank chief executive, Matt Comyn has cited fee for no service as being one of the bank’s key shortcomings and claimed key executive personnel had failed to u...

Policy & Regulation

CBA CEO questions the value of past executives

Commonwealth Bank chief executive, Matt Comyn has questioned the quality of some of the bank’s previous senior executives, suggesting some had not represented appropriate...

Financial planning

We did not speak up to put things right

Commonwealth Bank senior executive, Marianne Perkovic formally told the bank’s chief executive, Matt Comyn that she was disappointed she did not speak up loud enough to m...

Policy & Regulation

RC probes causes of misconduct

The Royal Commission will today begin its final round of hearings looking at what caused the misconduct and what can be done to fix those causes....

Policy & Regulation

Is adverse publicity motivating whistle-blowers?

The Australian Securities and Investments Commission has pointed to the recent adverse publicity around the financial services industry having driven up the level of whis...

Financial planning

NAB’s hypocrisy “breathtaking”: FSU

FSU national secretary Julia Angrisano has slammed NAB as being “breathtaking” in its hypocrisy, following reported admissions that its CEO breached its policies with lit...

Features

Uncertainty the only certainty for financial planners

Mike Taylor looks at the policy environment facing financial planners as they prepare to enter 2019 and concludes that they are facing almost unprecedented levels of unce...

Expert Analysis

Lessons in culture, leadership, and accountability from the banking royal commission

As a year dominated by the Royal Commission draws to a close, Jenny Johanson looks at what the industry needs to do to rebuild trust, improve governance, and bounce back ...

Outsider

Vamos finds Freedom but can she find a strategy?

Outsider sends a big yuletide shout out to former Association of Superannuation Funds of Australia boss, Pauline Vamos, for taking on what might possibly be one of the bi...

Financial planning

IFAs benefiting from RC fallout

Independent Financial Advisers are emerging as winners from the Royal Commission as clients shift away from bank-aligned advisers....

Superannuation

Just 25 to 30 major super funds predicted to remain

Australia could be left with as few as 25 or 30 major superannuation funds in the next decade as changes roll through the industry, not least those resulting from the Roy...

Financial planning

Institutions take charge ahead of FASEA announcement

University of Technology Sydney has announced it would introduce a new Master of Financial Planning in 2019 open to both new entrants and existing planners. ...

Financial planning

Call for compulsory annual reporting on adviser trails

Big industry fund, AustralianSuper has called for an end to grandfathering and for a legal obligation on superannuation funds to provide members with an annual report of ...