|
Further Reading
| |||||||||||||||||||||||||||
| Products |
 Pocket investment guides featuring adviser case studies and a glossary. |  Investing trends and strategies from the industry’s thought leaders. |  Putting the spotlight on investment products that matter. |
|
 MANAGING DIRECTOR, HEAD OF INSTITUTIONAL RUSSELL INVESTMENTS GROUP, LLC It might be easy to look at Jodie Hampshire, Russell Investments Australia managing director, and wonder how she does it all. She's leader of a $23 billion business, mum to four children, grandmother to one, has written a book and is working on another. She spoke to Elizabeth McArthur about how she does it all, mindfully. |
From someone with no dog in this race, I couldn't help notice another conflict of interest: adviser organisations shooting from the hip at the Code of Ethics in a desperate attempt to stay relevant. Of course, they suffer zero consequences from getting their criticisms wrong?unlike their misled, confused members who have to sit the exam. Remuneration under the Code is really not unclear. Read Standard 7 and the Royal Commission report: the Part 7.7A Div 4 ban on *adviser* Conflicted remuneration is preserved. Exceptions under the Act are exceptions under the Code. The Code however also prohibits the payments Commissioner Hayne had concern about, for recommending ones own products and recommending action when none was appropriate. All FASEA's latest Guidance does is explain how certain specific cases will be dealt with. Unfortunately the more guidance FASEA produces the more some parties with no interest in understanding it will try to hang FASEA with it.