Hayne Royal commission

Financial planning

Low stickiness impacts Insignia's competitive standing: Morningstar

While the acquisition of Insignia by CC Capital will help the business, Morningstar believes customer and adviser loyalty will be key as to whether it can regain its pre-...

Features

Fresh start for AMP advisers with Akumin rebrand

The rebranding of the AMP advice division to Akumin brings to an end a 176-year history for the firm and provides a fresh start for advisers under Entireti....

Financial planning

FSC’s Briggs calls for regulation reassessment

FSC chief executive, Blake Briggs, believes the regulatory pendulum has “swung too far” over the last decade when it comes to financial advice, and it is appropriate to r...

Funds management

Rebuilding trust post-RC is ‘still underway’: KPMG

Financial services firms still face difficulty in conveying trustworthiness to clients, a KPMG report highlights, following the mistrust borne out of the royal commission...

Financial planning

How does QAR duration compare to other financial services inquiries?

The ongoing process of the Quality of Advice Review has now taken twice as long as it took for the findings of the Hayne royal commission but it is understood this is "a ...

Financial planning

5 years of the Hayne RC: Reflecting on a ‘baptism of fire’

Wealth Data’s Colin Williams and the Financial Services Council’s CEO Blake Briggs are among industry commentators who have shared their insights into the impact of the H...

Financial planning

5 years of the Hayne RC: 5 advisers reflect on industry progress

Five years since the Hayne royal commission was released to the public in February 2019, Money Management speaks to five advisers who reflect on how the advice industry h...

Financial planning

5 years of the Hayne RC: FAAA’s Abood on whether banks will ever return to advice

On the five-year anniversary of the Hayne royal commission, FAAA chief executive Sarah Abood believes it will be a “tragedy” if the industry reverts back and shares her v...

Financial planning

Could banks move into the retirement space?

EY believes there is a benefit for banks in returning to the wealth space and developing decumulation products for consumers entering retirement. ...

Features

Going for broke: The advisers stealing to feed gambling addictions

With three separate financial advisers facing criminal proceedings this year having struggled with gambling problems, access to client money combined with a stressful job...

Financial planning

Former RC case study receives penalty for unconscionable conduct

The Federal Court has imposed a combined $13.5 million penalty on Select AFSL, BlueInc Services, and Insurance Marketing Services for engaging in unconscionable conduct....

Financial planning

Kenneth Hayne on the conflict of interest problem in advice

In a rare speech, former High Court justice, the Honourable Kenneth Hayne, has questioned whether advisers can ‘stand in more than one canoe’, when it comes to conflict o...