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ROYAL COMMISSION
Financial planning
With trust levels in the financial advice industry in dire straits, a wealth manager has warned that the value of advice should be based on whether it helps clients hit t...
Financial planning
Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...
Life/Risk
Within two months of the Banking Royal Commission’s insurance hearings decimating Freedom Insurance, its chief executive, Craig Orton, has announced he will step down for...
Policy & Regulation
The prudential regulator has announced the terms of reference for a review of its enforcement strategy....
Financial planning
The latest research from Investment Trends reveals trust in financial planners has plumbed new lows following the Royal Commission....
Financial planning
The Financial Services Council has told the Royal Commission that advisers undertake a significant amount of work for clients, justifying their commission payments....
Financial planning
The Financial Planning Association has told the Royal Commission the planning industry would be well served if licensees were obligated to a best interest duty in the sam...
Financial planning
Industry funds body, Industry Fund Services has admitted to the Royal Commission that it, too, had to deal with its planners receiving conflicted remuneration including g...
Funds management
Money Management looked at the performance of the ASX 200 sectors over the course of the year to see which sectors are lagging. ...
Financial planning
Westpac chairman, Lindsay Maxsted has admitted the big banking group did not sufficiently recognise the risks in its financial planning business....
Funds management
Major fund manager, Platinum Asset Management has called on the Royal Commission to further scrutinise platform shelf-space fees and problematic relationships between pla...
Policy & Regulation
Urgent reform is needed to prevent insurers unfairly denying claims, according to the Australian Lawyers Alliance. ...
Financial planning
AMP Limited has told the Royal Commission that while legislating to remove grandfathered commissions carries constitutional risks, it favours transitioning away from gran...
Policy & Regulation
AMP Limited and the major banks together with the regulators will be the focus of attention during the next round of Royal Commission hearings....
Superannuation
The Australian Securities and Investments Commission has openly questioned the value of superannuation funds spending money on advertising their default products and call...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...