Advisers demand self-licensing regime: PollBY KARREN VERGARA | MONDAY, 16 JUL 2018 12:44PMA majority of financial advisers would welcome an overhaul of the AFS licensing regime, a recent survey shows. Related News |
Editor's Choice
Jo Townsend named chief executive of NZ Super
One of Australia's most experienced superannuation executives will take the helm of New Zealand's sovereign wealth fund, following Matt Whineray's departure late last year.
QMV Legal folds, managing partner to launch new firm
Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm.
Best super fund products revealed
The best superannuation fund products, based on factors such as investment performance, insurance, fees, and organisational strength, have been named.
Platinum bleeds $1.4bn in outflows
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue.
Products
Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
For many advisers both financial planners and general insurance brokers are severely handicapped by the greed of their licensees. All too often the licensee directs investments, premium funding and which insurers to utilise because of "backhanders", shareholding commissions, and overrides.
There are many examples available of FP clients losing millions of dollars because of the licensees greed. I know I for one can name numerous examples, as can most experienced advisers and brokers.