Editor's Choice
ASX to rejig corporate governance framework
|The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.
Rest calls for better alignment in default options
|Rest conducted a survey addressing concerns around the ambiguity of standardised investment options and product labels.
KPMG finds new chief executive
|The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal.
HSBC appoints structured finance chief
|HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance.
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Rethinking default design in a changing market environment
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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. |  |
After 38 years in this once-great profession I have seen many players - advice execs and advisers - and many ups and downs, many broken promises. I have no doubt whatsoever in my mind of two inescapable outcomes I see by the year 2026: 1) next to zero specialist risk advisers remaining 2) less than 10,000 investment advisers left. I wish it wasn't so however the professions of financial planning and specialist risk advice has been captured by politicians possessed of their next election and the special interest groups who control them. It is beyond sad that 'client best interest' is truly not important to these 'people' - it is only the thinnest of a veneer to hide their true self absorbed intent.