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Showing 61 - 70 of 79 results for "Vertical integration"

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
Australia's largest financial services institutions have argued that vertical integration is positive for consumers because it helps market competition. The stakeholders have rebuffed the Financial System Inquiry's (FSI) concern that vertical integration ...

Aligned licensees could be renamed "restricted advice" groups

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... the adviser is able to recommend." The submission noted that "the inherent conflict of interest created by vertical integration may not be readily apparent to clients, particularly if the product manufacturer and advice parts of the business operate ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... separating personal professional advice from advice that amounts to product sales. On the question of whether vertical integration was a consumer's friend or foe, Rantall said it was not necessarily a negative. However, he insisted the client's best ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... David Murray might make recommendations. These were: preserving financial sector and fiscal stability, making vertical integration fit for purpose, competitive neutrality and international policy integration. Among a whole host of "key bets" Chipman ...

Consumer awareness of vertical integration plummets

LAURA MILLAN  |  TUESDAY, 5 AUG 2014
The number of consumers unaware that their financial adviser works for a dealer group aligned with the big institutions has significantly increased over the past year. In 2013, 51% of the clients using Commonwealth Bank-owned Financial Wisdom thought ...

In the throes of change

MICHELLE BALTAZAR  |  TUESDAY, 29 JUL 2014
From the Financial Systems Inquiry to the value of vertical integration and post-FOFA advice, next week's Financial Services Council (FSC) conference will tackle issues that will shape the industry in future years. The annual FSC conference is unique ...

Prepare for the 'financial Amazon': Joye

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... financial advisers being part of vertically integrated dealer groups. "If I was an adviser, I would be avoiding vertical integration," he said. Independent financial advisers would be among the winners from the emergence of financial supermarkets, he ...

IOOF and SFGA union rattles top ranks

LAURA MILLAN  |  MONDAY, 2 JUN 2014
... vertically integrated businesses." The latest developments at IOOF-owned Bridges Financial Services suggest that vertical integration might have already started. Its chief executive Michael Carter departed the organisation on May 30, shortly after having ...

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
... market and above. IMAP is concerned about limiting/ reducing conflicts of interest which is an issue given the vertical integration by institutions.