Asteron ends business relations with 134 rogue advisersBY LAURA MILLAN | FRIDAY, 31 OCT 2014 12:20PMAsteron Life has stopped distributing its products among 134 rogue advisers last year, executive general manager Jordan Hawke confirmed. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Well done Asteron for having the courage to take this action against these rogue advisers, too bad the CBA does not do the same. And where is ASIC on this, if Asteron can identify the rogue advisers why can't ASIC?
Well done Jordy but let me be cynical . Were these advisers who churned business out of Asteron or churned business into Asteron? My experience says they are rogues when they rip business away from you and stars when they churn it into you life company. How is the industry dealing with this conundrum?
Is it fair to only level the term "rogue" towards some advisers in this conversation identified by an insurer?
It can also apply to the rogue behaviour of some insurers, some dealers and even some of the regulators.