finance

Policy & Regulation

Vertical integration placed under PC microscope

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

Policy & Regulation

Holistic advisers will pay more on ASIC funding regime

Licensees providing holistic advice will be hit harder than those focused on general and wholesale advice under the Government’s new industry funding proposals for the Au...

Superannuation

Super reforms hit SMSF members harder

The super reforms could throw a hefty spanner into a significant percentage of SMSF members’ contribution strategy and overall wealth plan, according to Class....

Financial planning

Banks should go back to banking

Banks should not provide wealth management services and financial advice unless they can stamp out the product-driven sales culture that is entrenched in the institution....

Superannuation

Miscreant employers not deterred by SG penalty regime

Miscreant employers are not being deterred by the penalty regime attaching to the non-payment of the superannuation guarantee, according to the Institute of Public Accou...

Financial planning

The FPA makes key appointments

The Financial Planning Association’s bid to become a code-monitoring body has taken another step with the appointment of two senior lawyers to oversee its Conduct Review ...

Policy & Regulation

SMEs losing confidence in Turnbull Govt

A new survey suggests small and medium businesses are losing confidence in the Turnbull Government even though they have faith in the economy....

Superannuation

Sedgwick fails on banks super cross-sell says ISA

Industry Super Australia has claimed the Australian Bankers Association-sponsored Sedgwick Review has failed to address the key issue of banks cross-selling superannuatio...

Policy & Regulation

No grounds for outright product-based payment ban

Stephen Sedgwick’s report into retail banking remuneration failed to find substantial reason for an outright ban on product-based payments but made recommendations to pro...

Life/Risk

Property investors exposed to structural risks

Australian property investors are increasingly exposed to significant concentration risk, according to Rice Warner....

Financial planning

Annuities continue to deliver for Challenger

Challenger has delivered another strong quarter underpinned by a 53 per cent increase in annuities sales....

Financial planning

Traditional partnership equity model broken

Mature age financial planning and accountant partners have been dealt a significant blow to their exit goals as new entrants have no option but to start their careers in ...

Financial planning

Robo providers moving to hybrid

Robo-advice providers in the US were introducing the human element into their automated models, indicating the advice industry was not ready for fully automated services...

Financial planning

HUB24 reports record Q3 inflows

HUB24 has reported record gross inflows of $565 million and net inflows of $418 million for the March quarter....

Life/Risk

Insurers paying $10m - $15m a year in shelf space fees

Insurers are paying between $10 million to $15 million a year in shelf space fees in a damaging ‘pay to play’ regime, ClearView has told the Parliament....