The problem with super is super. Since the 2002 Financial Services Review, there have been at least a dozen enquiries, commissions and reviews into Australia’s superannuation, insurance, investment, and financial services industries. Last week APRA and ASIC jointly...
The Chinese-based Huawei Group seems to be conflicted. Despite being recognised as a world-leader in forth-coming 5G telecom technology, western countries are reticent to trust them to advise, build, and maintain their future data highways. Similarly, Robert Muller’s...
Hello, I’m from ASIC and I’d like you to justify the advice fees you charge? Are you ready for this question? Reminds me of the gag about the tourist in Ireland who asks a local for directions to Dublin. The Irishman replies: “Well sir, if I were you, I wouldn’t start...
So all potential conflicted remuneration ‘arrangements’ between Australia advisers and their providers entered into prior 1st July 2013 are ‘grandfathered’. Is this a good or bad thing? Dunno. When I first heard yesterday I was disappointed. But, as with most things,...
As I write this, the Dow Jones Industrial Average is bumping up against a new record high. It looks like another good Christmas for investment advisers. What has happened to our industry since the last Dow Jones record in January 2000? Obviously the world has changed...
