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Showing 31 - 40 of 83 results for "vertical integration"

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 ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... to improve the banking and financial services industry in Australia, Hayne avoided calling an end to the vertical integration model - which allows wealth managers to own and operate the entire wealth stack: funds management, financial advice, superannuation ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
A forecast of trends influencing banking over the next 12 months cites vertically integrated business models continuing to give way to platform and marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for ...

ASIC sharpens focus on managed accounts

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... questions that affect managed account professionals, particularly the management of conflicts of interest, vertical integration and the need for structural industry change, IMAP said. As at June 2018, the managed accounts sector held $62.43 billion of ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... the only major Australian bank not to recently offload its wealth management arm - defends the practice of vertical integration. The structure is not responsible for the misconduct heard at the financial services Royal Commission, the bank says. "Westpac ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... and ASIC faced the Commission over the actions of their organisations, with topics such as remuneration and vertical integration up for discussion. CBA chief Matt Comyn faced counsel assisting Rowena Orr over the bank's penchant for rewarding its ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... years requires consideration of the issues of culture, regulation and structure, he said. On the topic of vertical integration, Hayne said such a model promises the virtue of efficiency, passed on to consumers by way of lower costs and greater access ...