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Why advisers should consider offering general insurance to HNW clients
I have read many articles over the years about servicing high-net-worth (HNW) clients in the financial services industry.
The role of AI in financial planning: Insights from the US
Ever since ChatGPT burst onto the scene late last year, generative AI has been front and centre of business discussions and financial planning, just like ...
Considerations when nominating a charity for your super upon death
There has been a lot of talk lately about the upcoming great wealth transfer, and you might be wondering where charities fit into all this.
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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.
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.