Editor's Choice
ASIC cancels AFSL of Australian Fiduciaries
ASIC has cancelled the Australian financial services licence (AFSL) of Queensland-based Australian Fiduciaries, which is currently in liquidation.
Treasury expects regulators to do the heavy lifting
Treasury has released new Statements of Expectations for APRA and ASIC, with an emphasis on how the regulators should promote a more sustainable and secured financial ecosystem.
NGS Super names head of strategy
NGS Super has appointed a former ASFA committe member as head of strategy, as the fund aims to strengthen its retirement offering.
SS&C axes jobs, shifts roles offshore
US software services giant SS&C Technologies has slashed 170 Australian roles in the operations, technology and delivery teams.
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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.







"There are too many Australians making financial decisions for themselves in an ill-informed way and that's even people who think they know what they're doing. Believe me until you get someone sitting down with you, provoking the right sorts of questions I don't think you're going to come to the right decision," he said.
Very true, however the FA industry, because of a few, was suspected to be shonky salespeople (not acting in their clients best interests, trailing and hidden commissions, living off ignorance) and therefore not trusted by the great unwashed.
One of Labor's non cock-up's was FoFA reform, which over time would have improved the industry's standing in the community.
Sinodinos has ruined the chance to get rid of the current perceptions. Foolish indeed.