Latest News

Grandfathering is not in consumers' interests: Kell
ASIC deputy chair Peter Kell has conceded that the grandfathering of commissions is not at all in the interests of consumers, and a "policy level" solRead more
Advisers can ‘professionalise’ clients’ philanthropy
Financial advisers should play a role in their clients’ philanthropy and impact investing by helping to provide a more comprehensive view of their iRead more
Standalone robo-advisers ‘will not attract’ HNW investors
A survey conducted by research firm GlobalData indicates that standalone robo-advice services do not attract affluent investors. Write commentRead more
Assess super on value not fees, Rice Warner urges
An “unhealthy focus” on superannuation fees over the value those funds offer could detriment Australian consumers, according to research house RicRead more
ANZ taken to task over ‘misleading’ general advice
The royal commission has heard it was “misleading to even call” ANZ’s A to Z review program advice as it delved into the business’ superannuatRead more
Faith in adviser ethics falls
Less than 35 per cent of Australians believe financial advice practices to be ethical businesses, new research from the Governance Institute of AustraRead more
CFS required no proof for service fees, RC hears
Documents presented to the royal commission show Colonial First State did not require licensees to provide confirmation ongoing services were providedRead more
AFA reveals Female Excellence in Advice finalists
The Association of Financial Advisers and TAL have released the names of finalists for this years’ Female Excellence in Advice Award. Write Read more
CFS ‘retained’ adviser commissions: RC
The royal commission has heard that Colonial First State changed its account fee arrangements to allow it to hold on to commissions owed to advisers. Read more
Suncorp urged advisers to maintain commissions
The royal commission has heard Suncorp sent an email to its financial advisers in 2013 encouraging them to urge inactive clients to make an investmentRead more
Hostplus spent $260,000 on tennis tickets
Hostplus chief executive David Elia has been forced to defend his fund's marketing budget, which included $260,000 on Australian Open tickets earlier Read more
RC challenges NAB on ASIC interactions
The royal commission has challenged NAB’s claims it was open and transparent in its interactions with the corporate regulator during a heated hearinRead more
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