ROYAL COMMISSION
Features
Mike Taylor writes that for the major financial planning organisations the future resides in looking beyond the Royal Commission and reaping the benefits which flow from ...
Financial planning
Hot on the heels of the departures of its chief executive, group general counsel, chairperson and three directors, AMP has lost its chief risk officer, advice, with Pally...
Financial planning
AMP has been hit with another class action less than a week after announcing that it intends to “vigorously defend” itself against mounting claims, this time by Shine Law...
Financial planning
The Association of Financial Advisers has defended the retention of grandfathered trail commissions, arguing they don’t equate to ongoing service or fee for no service....
Financial planning
The Australian Securities and Investments Commission has told the Royal Commission that grandfathered trail commissions equate to ongoing fees....
Financial planning
The Financial Planning Association has told the Royal Commission that grandfathered commission arrangements should be phased out over the next three years....
Financial planning
AMP Limited has defended grandfathering and has suggested removal of the arrangements would be tantamount to retrospective legislation....
Policy & Regulation
The Finance Sector Union is arguing that the existing financial services regulatory regime has been found wonting and that the Royal Commission needs to recommend impleme...
Policy & Regulation
The financial services regulators have emerged as substantial Budget funding winners from the Royal Commission with financial services firms expected to foot much of the ...
Financial planning
As an embattled AMP faces multiple legal actions, the company has said that it “intends to vigorously defend the proceedings” filed against it....
Financial planning
The Finance Sector Union will represent AMP staff at the firm’s annual general meeting today to hear how the firm plans to rebuild its reputation after the Royal Commissi...
Financial planning
Newly-appointed AMP chairman, David Murray has acknowledged the possibility of more board exits generated by angry institutional investors at this week’s annual general m...
Financial planning
Westpac has reported a solid first half amid the challenges presented by the Royal Commission....
Financial planning
Customer satisfaction with banks in the six months to March 2018 was 80.9 per cent, down marginally from 81.0 per cent in February, despite the revelations uncovered in t...
Policy & Regulation
The Federal Government has accepted the majority of the Senate White Collar Crime Report’s recommendations, as it seeks to look like it’s cracking down on penalties for c...
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...