Editor's Choice
Final report into Life Code makes 85 recommendations
The final report of an independent review of the Life Insurance Code of Practice has been finalised, proposing some 85 recommendations across aspects of mental health, customers vulnerability, claims handling, and sales practices.
Treasury looks to reform regulation on consulting firms
Treasury has released an options paper to improve the regulation of accounting, consulting and auditing firms after the blowout from KPMG's whistleblower probe that found it used confidential client data in the pursuit of more tenders.
Bell Potter launches private wealth platform
Bell Financial Group (BFG) has launched Bell Potter Private Wealth (BPPW), a new platform that helps service its 300,000 clients with $92.1 billion in funds under advice.
Esencia seals third merger
Esencia Wealth has continued its national expansion strategy, merging with New South Wales-based Cove Financial Group in a deal that brings around 650 clients and four financial advisers into the business.
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.







It appears that the unions and industry funds have a lineup out the door of Solicitorsand board members intent on tearing apart any attempt to promote a fairer system to both the advisor and client. Compare the pair should be the FOFA in its first ridiculous draft and the Coalitions attempt on a fairer and simpler deal for all. Once again self indulgence and beligerance takes control of what should be a straight forward procedure.
Dont surrender ! The fair and affordable legislation for all will win out in the end
By it very nature, the "catch all" clause will only work retrospectively. Hindsight turns possibilities, even remote ones, into events that everyone knew were coming.
We work in a field with plenty of risks as it is. With FOS offering a no cost complaints mechanism and escalating its fees for advisers who wont pay go away money - the "catch all" clause is an invitation to rogues and their lawyers.
As with "opt in", its supporters have a commercial objective - but dress up their campaigns as consumer protection.