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ROYAL COMMISSION: Top stories
JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice.
US regulator to extend fiduciary rule
JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
The financial services regulator in the United States is broadening the scope of the proposed fiduciary duty to combat conflicted investment advice and mitigate confusion around the differing standards to which different industry professionals are ...
Powerwrap gears up for IPO
JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
Meller to leave AMP immediately
JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Craig Meller has stepped down as chief executive of AMP effective immediately.
Royal Commission case study: advice put retirement in ruins
JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice.
Dead advice clients slugged ongoing service fees
JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away.
MLC, Colonial First State make key appointments
JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
The acting general manager of product at Colonial First State will join MLC to lead its wealth products and platforms division.
Robo-advice on the rise but no replacement
JAMIE WILLIAMSON AND KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
Robo-advice presents opportunities for increasing consumer accessibility to financial advice, but Investment Trends data and adviser insight suggests it will never be a panacea.
New chair, deputy chair for industry fund
JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
A $13 billion industry superannuation fund is welcoming a new chair and deputy chair.
Trustee services provider buys advice group
JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
A trustee business linked to several of Australia's newest superannuation funds has acquired a non-aligned boutique financial advice group.
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