New Data Points to Homeless or Exiting Advisers
26 April 2019 by Mike Taylor, Money Management
While 336 new financial planning licensee entities have been created over the past 12 months, 118 licensees have been discontinued affecting 2,000 advisers, two-thirds of whom have yet to find a new home or may have exited the industry.
Tough Times Before the Mast as AMP Voyages to the New World
8 April 2019 by Adele Ferguson, Australian Financial Review
The numbers say it all. Margins are falling, costs are rising and funds are flying out the door of AMP’s biggest and most important division, Australian Wealth Management, which includes financial advice. For the financial services giant, ...
Financial Adviser Ratings Step Up as Trust Deficit Grows
6 March 2016 by John Collett, Sydney Morning Herald
Services that rate financial advisers will significantly expand their coverage of planners and the firms that hire them to give consumers more confidence that they are going to receive advice that is truly in their best interests. Adviser ...
External Ratings Committee Formed to Ensure Transparency in the Financial Services Sect...
4 March 2019 by Rebecca Thacker, Dynamic Business
An external governance committee has been formed in response to the Royal Commission to ensure transparency in the financial services sector. The industry-led initiative will oversee a new rating system on financial advice licensees to hel...
Adviser Ratings Unveils New Rating System (1)
4 March 2019 by Malavika Santhebennur, selfmanagedsuper
Adviser Ratings has established an external governance committee (EGC) to oversee a new rating system in light of recommendations made by the banking royal commission. The independent rating service of financial advisers said the licensee ...
Planners to be Rated on Quality of Advice
1 March 2019 by Hannah Wootton, Money Management
Adviser Ratings has responded to the Royal Commission by establishing a new financial adviser rating system, which would be overseen by industry heavyweights, including former Australian Securities and Investments Commission (ASIC) chair, ...
New Licensee Rating System to Launch
1 March 2019 by riskinfo
Adviser Ratings has announced it will launch a new ‘quality of advice’ rating system for financial advice licensees. In a release announcing its initiative, the research and rating firm says the need for these ratings “…has been reinforced...
New Financial Adviser Competency Rankings Out Soon
28 February 2019 by James Eyers, AFR
Adviser Ratings will publish a public ranking of the governance quality of 27,000 financial advisers and 2200 licensees across the market, which it says will help the beleaguered industry restore trust after the royal commission.
Why Kenneth Hayne didn’t call for ban on Household Expenditure Measure
6 February 2019 by Alexis Carey, news.com.au
For more than a decade, one magic number has made the difference between nabbing your dream home — or being rejected for a loan. That number is the Household Expenditure Measure (HEM), a tool that has long been used by most of our banks to...