by Adviser Ratings
Though mandated to increase to 12% by 2025, the increase in the Superannuation Guarantee (SG) is being questioned in policy circles and by some government parliamentarians, particularly given the sustained lack of real wages increases in recent…
by Adviser Ratings
This week CPA Australia released a report called ‘The impact of complex regulatory reform’ which criticised the regulatory framework around financial advice as “convoluted” and “excessively layered”. On release of the report, financial advisers…
by Adviser Ratings
NAB has announced a further $1.2 billion in remediation expenses – mostly relating to financial advice in an update this morning that has already seem the banks share price tumble 3%. The additional expense means that NAB’s cumulative provisions for…
by Adviser Ratings
The AFA has continued it criticism of the processes around the formulation of government policy regarding the removal of grandfathered remuneration saying there is a “serious dearth of information available to the industry”.
by Adviser Ratings
On Wednesday, ASIC released a report looking at director and board oversight of “non-financial risk”. After examining the big four banks, AMP, IOOF and Insurance Australia Group, and conducting over 60 interviews with directors and management, it…
by Adviser Ratings
The government recently announced the first major look at Australia's savings system in 30 years. It will examine the interaction between the age pension, compulsory super and voluntary savings. The wide-ranging review would examine "the current…
by Adviser Ratings
Advice given to AMP advisers suggests that the legality of the effective devaluations of their businesses via AMP’s controversially amended Buyer Of Last Resort (BOLR) arrangements may be contestable. A lawyer representing a number of effected…
by Noni Long
This week we profile Noni Long, a Platinum adviser with 20 client reviews and a average client rating of 4.89 out of 5 stars. Noni, who gets tremendous satisfaction in witnessing clients joy when they achieve their goals, is the Director of Hello…
by Adviser Ratings
Initial analysis of adviser movements in Quarter 3 of 2019 has seen overall adviser numbers decline by around 700 individuals. This equates to a contraction of almost 3% of the number of people authorised to offer financial advice – which currently…