CBA integrates online business banking with MySuperBY JAMES FERNYHOUGH | WEDNESDAY, 16 APR 2014 12:40PMCommonwealth Bank of Australia (CBA) has taken its campaign to become a major player in employer superannuation up a notch, integrating its business banking services and MySuper product on its online banking tool, NetBank. Related News |
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NovaPort Capital team calls it a day
|The team at small caps manager NovaPort Capital have decided to hang up their boots.
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|Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back.
Fidelity shutters, delists funds
|Fidelity International is terminating an international fixed interest strategy that failed to scale, as well as delisting a managed fund.
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|Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.
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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.
OH boy.
So ASIC I'm guessing the 'best interest duty'(BID under FOFA reforms) doesn't apply to the corporates that are big enough to control ASIC decision making. As with the other product floggers (i.e. Industry Funds) regulation on who can provide advice has come down to a 'tick-a-box' free for all. "Corporate Bankers selling super advice, give me a break".
This will go well with your last mistake of allowing Accountants to become quassi advisers who are only interested in sticking the entire population into a self-managed super fund so they can get paid annually for doing nothing.
The only people left having to do their due diligence for clients (under FOFA) are the small Independent advisers that actually care about their clients future as they don't have shareholders to pander to.
How about you actually make this industry a level playing field and give the consumer adequate choice where next we'll have bank tellers spruiking 'SMSF's', Margin Loans, & ETF's.
ASIC your bottle of '1959 Grange' is in the post and Unions want their 'footy tickets' back.