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Viridian promotes to investment team, launches Infinity
|Viridian Financial Group announced three promotions to its investment leadership team as it merges its asset management and private wealth businesses under a single unit called Infinity.
Fight between SMC and FSC on super rages on
|The Super Members Council (SMC) has called out the Financial Services Council (FSC) on making selective claims about performance and costs of 'platform' super funds compared with performance-tested mainstream MySuper funds.
Global X launches global SMID ETF
|Global X ETF has expanded its international equity range with the launch of the Global X MSCI International Small and Mid-Cap ETF (ASX: ISMD), offering Australian investors low-cost exposure to small- and mid-cap companies across developed markets outside Australia.
Super Consumers appoints former regulator as chair
|Super Consumers Australia (SCA) has appointed former deputy chair of ASIC and ACCC as its board chair.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What a load of dribble from the FPA. They claim to stand for consumer rights yet say this dribble.
The FOFA law was never overturned, if Advisers didn't play by the rules that's their own fault.
It's a win for the consumer;
It's a win for the professional adviser; and
It's a loss for the tossers who scammed their clients and brought all this upon us.
Next...
OK, if this is such a win for consumers let's see the same rules applied to Industry Super Funds. And while we are at it, let's include the so called general advice for online insurance and put an end to consumer rip offs with sub-standard policies where the only "advice" is to 'read the fine print'.
Mark Thompson, we might be able to take you seriously if the rip-offs were being led by the Liberal Party-funding big banks, who have their hands so deep in the average Australians' pockets. Storm, Westpoint, Timbercorp were all connected to conflicted advice under the umbrella of the vertically integrated wealth management system. You and your industry have lost this argument morally, politically and every other way.