Industry funds’ advise arms grapple with their demons

Industry funds’ advise arms grapple with their demons

The next few weeks are very important for the advice profession as the Royal Commission moves away from the private sector and into the superannuation arena via a review of industry funds and their advice arms. We are finally heading toward a reality check around the...
Managing the managed account risk

Managing the managed account risk

We need to think hard about the latest industry trend for advisers to create and manage or package their own managed accounts. It’s a natural direction due to technology advancements and it offers reduced paperwork on what might be termed hygiene compliance issues...
When will I ever learn?

When will I ever learn?

When will I ever learn? An apt musical reference, courtesy of Van Morrison, for the advice profession and all AFSL holders, as news regarding the closure of the Dover AFSL sinks in and up to 400 authorised representatives find themselves in need of licensing within 30...
The latest nail in the coffin of affordable advice

The latest nail in the coffin of affordable advice

Ever get fed up with all the bad news emanating from regulations in the advice sector? Maybe the private sector should stand up and just reject all the idealism that’s killing affordable advice and making millions for the legal fraternity. It might make more sense to...
No one wins from this Royal Commission

No one wins from this Royal Commission

The public garrotting of the banks and the AMP at the Financial Services Royal Commission should bring little joy to anyone with a sense of interest in public trust within the financial planning profession. No one is winning, least of all the good advisers that are...