VERTICAL INTEGRATION

Financial planning

The Financial Services Council has urged the Productivity Commission to broaden its “very narrow” definition of vertical integration to make its recommendations more appr...

Financial planning

A new Australian Securities and Investments Commission report has repeated the regulator’s contention that vertical integration gives rises to inherent conflicts of inter...

Outsider

Sometimes Outsider walks into a room and he feels right at home. MLC Life’s 130th Anniversary Dinner at Sydney’s Museum of Contemporary Art was just such an occasion....

Financial planning

The Australian Securities and Investments Commission chairman, Greg Medcraft has pointed to financial services technology as being a disruptor of vertical integration....

Policy & Regulation

Vertical integration in the financial services industry will be the subject of scrutiny by the Productivity Commission....

Policy & Regulation

None of the Government’s recently-introduced legislative reforms, including those around the Life Insurance Framework, have adequately addressed the problems created by v...

People & Products

Fiducian Group has continued to implement its strategy with the acquisition of another financial planning practice....

Financial planning

Advisers transitioning away from vertically integrated models should consider a co-operative group instead of self-licensing to avoid inherent risks. ...

Editorial

The Australian Securities and Investments Commission has left Federal Parliamentarians in no doubt that it has concerns about the compatibility of vertical integration wi...

Policy & Regulation

The Australian Securities and Investments Commission has warned that while open APLs might help, the benefits will be undermined by vertical integration and conflicts of ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 5 days ago