Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 79 results for "Vertical integration"

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... and butter," Ong said. Thomas added he found it interesting that the banking Royal Commission peered into vertical integration but chose not to outlaw it. "I think it was interesting that the Royal Commission looked at vertical integration and kicked ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... leakage to independent platforms, retail super outflows and administration fee cuts. "As the foundations of vertical integration give way, major platforms are shedding FUA at an increasing rate as advisers turn to more contemporary and independent platform ...

No single solution for advice: CFA

HARRISON WORLEY  |  TUESDAY, 14 MAY 2019
... party is in government post May 18." CFA Societies Australia chief executive Lisa Carroll added a ban on vertical integration was not yet warranted - although customers should be made aware of the relationship between advisers and product providers. ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... direction for some time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to forcefully separate deposit taking ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced separation of financial advice and companies that sell and manufacture financial products "involved ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... via not-for-profit superannuation funds should not be tainted as a result of discussions about dismantling vertical integration. This is according to Industry Fund Services chief executive Cath Bowtell, who said financial advice provided through profit-to-member ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... many years of upheaval. He said he was particularly pleased that the report did not propose to upend the vertical integration model. "However, the relationship between the product manufacturer and its advice network must be made very, very clear to clients," ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... Commission's final report delivered after market close on Monday stayed away from recommending an end to vertical integration.

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... books of money from your adviser arms moving towards specialty platforms. But now the fact that it [end of vertical integration] hasn't occurred means the risk for sharper outflows has reduced," he said. After the Royal Commission, UBS expects the ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... firm said. Chair David Murray added the report would be a turning point for the industry, and mentioned the vertical integration model - which forms a significant part of AMP's business - would continue to operate for customers. He added the conflicts ...