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Industry funds losing steam on anti-commission push

 
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MM Newsletter
  Mar 23, 2017 
 
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Whiteley worried industry funds have lost collective purpose

Industry Super Australia chief executive, David Whiteley says he's worried industry funds may no longer possess the solidarity necessary to repeat their anti-commissions campaign. For more

Education standards don’t address vertical integration

The recently enacted legislation on adviser professional standards do not address vertical integration and conflicts and do not focus on principals, a compliance solutions provider said For more
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Industry funds eschew taint of bank scandals

Industry funds need to make sure they are not tainted by the scandals which have surrounded the banks, according to Australian Institute of Trustees acting chief executive, Eva Scheerlinck. For more

Declining home ownership a future pension problem

New economic analysis has warned that declining levels of home ownership risk putting more pressure on the Age Pension. For more
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Australian retirees more careful than most

Australian retirees are more conservative than their US peers throughout their retirements preferring minimum pension draw-downs. For more

Fund ATO to crackdown on SG non-payment: ASFA

ASFA has called for the Federal Government to fund the ATO an additional $10 million a year over four years to detect employers failing to pay SG. For more
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Praemium to appoint new permanent CEO after GSM

Praemium has signalled its intention to appoint Robert De Luca as the company’s permanent CEO after the general shareholders meeting scheduled for May. For more

ASIC provides updated guidance on FOFA

ASIC has provided updated guidance on FOFA, best interest duty, and record keeping obligations for licensees and authorised representatives in its RG175. For more
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Queensland planner permanently banned

ASIC has permanently banned a former Anne Street Partners Queensland financial planner from providing financial services for dishonest conduct. For more

AMP announces MyNorth enhancements

AMP has announced enhancements to its MyNorth wrap platform for advisers and clients as it turned one year old. For more
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Close of WHSP takeover bid for Hunter Hall

The Australian Securities Exchange has announced the takeover offer to acquire all ordinary shares in Hunter Hall international Limited is complete. For more

WHSP reports NPAT increase

Washington H. Soul Pattinson, which invested in Hunter Hall Global Value and Hunter International in the past six months, has reported a net profit after tax of $149 million. For more

Editorial

Can insurers match advisers in accepting pain of change?

If insurers were made to drop underwriting policies at the time of claim could they accept the accompanying commercial pain? For more

Can the Govt continue to deflect a Royal Commission?

Mike Taylor writes that in a delicately-balanced House of Representatives there is no guarantee the Government can continue to deflect pressure for a banking Royal Commission. For more

Toolbox

Risk management – avoid it at your peril

Independent financial advisers may not have been exposed to the various elements of risk management and they therefore could inadvertently neglect them to the detriment of their business, Jessica Dass writes. For more
 
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