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Platinum announces strategic review
Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
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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.
The end of free money
With institutional investors prudently reassessing their risks in current market conditions and seeking safe havens in alternatives such as secured private ...
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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.
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There goes the good ole FPA - chasing opportunities to make more money from "training" and "education" and, of course membership of FPA. As if this was ever a training/education issue!
How about more specifics of what these rogue planners did! Let's see what was in the files.
But whilst we are about calling out the problems lets get to the real cause: the institutions and the sales based incentive schemes that prevailed throughout the 90's and 00's. The institutional heads knew exactly what was going on. But the quest for FUM was the main game and the institutions were happy to take the risks.
And where are the architects now? Gone long ago, retired and financially secure. And what of the product manufacturers and their marketing and distribution chains? All ducking for cover, big time!!
I'm not defending inappropriate advice / not acting in the best interest of clients. Not at all!!! Never ever!! But how about some balance to the whole story!
It needs to be said that all we are / have been reading, hearing, watching is clearly politically convenient for the Opposition railing at the Government's intentions to amend flawed, impractical and unworkable FOFA legislation for the better and without watering down 'Best Interests'. The legislation of course was designed by the ALP in its drive to hand the superannuation market to the industry super funds.
How convenient for the ALP, currently reeling in the light of corrupt union practices to launch the CBA story to deflect attention away from itself.
And politicians taking the high moral ground!!! The hypocrisy of it all.
And journalists - what a great cocktail to add with politicians. Balance?? You must be kidding.
And of course the FPA has its own moral compass. Needing a voice in the political capital wouldn't have anything to do with its position would it?
Defend the un-defendable? Probably.
One thing's for sure. So glad I am not a CBA planner. Not to worry; there will be another disaster from a whistle blower at one of the other big 4. I can hear the CEO's groaning already.