Royal Commission

Financial planning

Pendal feels adviser dislocation impacts

Former bank-owned investment managers are feeling the fallout from financial adviser dislocation in the form of significantly reduced fund inflows....

Policy & Regulation

ASIC action against RI Advice will set new licensee obligations

Licensees would do well to pay close attention to the outcome of the Australian Securities and Investments Commission’s Federal Court action against RI Advice....

Financial planning

RC fall-out continues to drag on adviser trust

New research from Investment Trends has confirmed the degree to which Australians have been turned off financial advisers by the fall-out from the Royal Commission....

Expert Analysis

How managed accounts are helping advisers ‘build the trust equation’

While the benefits of managed accounts for clients are well-documented, there are also numerous benefits that they bring to businesses, writes Xplore Wealth’s Anne Hamieh...

Policy & Regulation

FASEA funding drying up

The exit of the major banks means the original funding source for the Financial Adviser Standards and Ethics Authority will mostly dry up in May next year with advisers t...

Policy & Regulation

What happened to the complaining Royal Commission witnesses?

Twenty-six witnesses appeared before the Royal Commission but only three of them had previously raised their concerns with the Australian Securities and Investments Commi...

Funds management

IOOF FUMA increased $4 billion last quarter

IOOF's funds under management, advice and administration increased by $4.2 billion in the third quarter of 2019 despite industry-wide impacts....

Policy & Regulation

Planners are over-burdened and over-regulated

Seven different regulators combined with three different complaints and disciplinary bodies mean that financial planners have been left sinking in a regulatory swamp....

Financial planning

ASIC’s Shipton: Australia ‘missed opportunity’ to prevent RC issues

The industry took a “she’ll be right” attitude in the decade after the GFC where it acted as if nothing was wrong, according to ASIC commissioner James Shipton....

Financial planning

Banks urged to show leniency on grandfathering loans

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

Financial planning

BOLR rights ‘not a sure thing’

The buyer of last resort process is more complicated than advisers might expect as some licensees are focusing on where they can manoeuvre away from the agreed valuation,...

Financial planning

Survey confirms demand for independent advice

Being genuinely independent and charging by way of transparent fee-for-service represent the future for financial advisers, according to a new survey....

Financial planning

APRA to take four years to restore trust in financial sector

APRA’s agenda to reduce poor behaviour and misconduct in the financial sector is an ambitious plan that will take four years to succeed, according to its chair....

Policy & Regulation

BOLR: not cut and dried

Melbourne-based lawyer, Dan Mackay, argues that AMP is on far from firm legal ground in its approach to advisers and Buyer of Last Resort....

Features

Easton Investments: We have a strong value proposition for the accounting profession

Money Management currently runs a new series in which we speak with financial planning groups who share their views on the industry in a post-Royal Commission environment...