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Janus Henderson acquires NBK Wealth, Tabula Investment Management
Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management.
ART names advice and education leads
Australian Retirement Trust (ART) has revamped its advice, guidance and education team and created two new leadership roles.
Men, women in same occupation drive pay gap
A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows.
Macquarie Group profits falls 32% to $3.52bn
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year.
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
I agree that lifting education standards of individuals is also not the sole solution to all the issues facing the industry at present. The companies and their ongoing compliance regimes (or lack of) also let down consumers.
The article also talks about a quality review program which really should be in place in order to adhere to their AFSL obligations. Maybe a national standard with greater guidance and adherance should be considered, ie AFSL lodging annual reports of their ongoing quality review regimes?
This could help demonstrate accountability by the AFSL's, how often they review their advisers, and eloborate on corrective action whereby they have made an adviser write to a client about a breach that was identified.
All the industry bodies, associations, investigations etc continue to ignore the main reason for all the shonky behaviour: senior management.
Now we have the ex-CBA boss running the investigation into financial services - talk about putting Dracula in charge of the blood bank! As if he will come down hard on his buddies: what a slap in the face of consumers.
Yak yak yak about "training" and "education" - they are important but have very little to do with what these groups do to their customers.
Shame on the government and the pathetic industry bodies.