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Former Big Un chief escapes prison time for insider trading
|The former chief executive of Big Un Richard Evans has learned his fate after the District Court of New South Wales handed down its verdict, with Evans escaping imprisonment.
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TAL launches new campaign focused on mental health
|TAL has launched a new campaign, working with youth media group The Daily Aus, and partners with the AFLW, aimed at promoting mental wellbeing.
SIAA replenishes board with appointments
|The Stockbrokers and Investment Advisers Association has made two board appointments to fill vacated positions from recent departures.
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Featured Profile
Rachel Alembakis
STEWARDSHIP MANAGER
UNITING ETHICAL INVESTORS LIMITED
UNITING ETHICAL INVESTORS LIMITED
As a highly respected journalist, Rachel Alembakis helped push sustainable investing on the agenda long before it was mainstream. Now, she's stepped into the arena to shape the industry from within. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
While Financial advisers are getting more compliant and regulated, it is a great opportunity for the government and relevant regulatory body to look at the real estate and credit advisers.
Due to lack of regulations, the amount of commissions and remuneration that mortgage brokers, real estate agents, private credit company's are enjoying has been unnoticed or merely neglected.
The worst is private credit company where they lend money to people to manage their debt or buy white goods, for an unimaginable interest rates. There is no clients best interest duty in this by putting clients into further deep debt and stamping with bad credit history. Why is this? Has the government taken any initiative towards this... and please tell us what is it...?
At the clients best interest, even these people make a big difference in building debt in the clients financial future.
So I would like to urge everyone to look into this space of the financial sector, just not speculate but take initiative to build a regulatory body for this part of financial services industry.