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Showing 51 - 60 of 79 results for "vertical integration"

Professional standards need deeper thought: Consultant

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
... the reforms fail to address key issues threatening the professionalisation of the industry, referring to vertical integration and its impact on advice quality as "the elephant in the room." "The Corporations Amendment (Professional Standards of Financial ...

Banking inquiry becomes Royal Commission alternative

KERRIE SYDEE  |  WEDNESDAY, 30 NOV 2016
... people in financial ruin." In a statement CHOICE said it would also like the inquiry to review the impact of vertical integration within the banking sector. "While there have been a number of reviews into the financial sector over the last few years ...

LIF expected before parliament this week

ALEX BURKE  |  THURSDAY, 11 FEB 2016
... Insurance Customer Group, whose central platform was that the new framework will reduce competition and promote vertical integration in retail life insurance. At the same time, insurers such as AIA Australia and Asteron Life have been working closely ...

ASIC consults on LIF powers

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
... believes the reforms provide adverse outcomes to consumers, dramatically reduces competition and promotes vertical integration in retail life insurance. It says the LIF reforms will not improve the quality of life insurance advice to consumers; will ...

Risk reforms ignore key adviser concerns

ALEX BURKE  |  THURSDAY, 25 JUN 2015
Risk advisers expressed concern that the industry-led risk reforms package ignores the problem of vertical integration and client-driven policy churn. Synchron director Don Trapnell told Financial Standard that the reform improved on the initial Trowbridge ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... continues to regard conflicted remuneration arrangements as a key risk indicator and an area of focus, as is vertical integration. "Many industry participants continue to receive conflicted remuneration due to there being a number of exemptions [or] ...

Vertically-integrated advice model can work

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Despite recent controversies, vertical integration can work if implemented properly, according to Australian Bankers' Association chief executive Steven MA1/4nchenberg. Speaking at the ASIC Annual Forum, MA1/4nchenberg said that conflicts were inherent ...

Australian Unity acquires Premium Wealth

ALEX BURKE  |  WEDNESDAY, 14 JAN 2015
... for partnership with Australian Unity, while chief executive Paul Harding-Davis noted the difficulties of vertical integration in a post-FoFA landscape, saying, "[It] became clear we would need to either engage in mergers and acquisitions of our own ...

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
Vertical integration may prove to be a non-issue if both financial product manufacturers and distributors work with the consumers' best interest in mind, Financial System Inquiry (FSI) chairman David Murray said. "The same obligations are on everybody ...

Instos offer advice at a loss to drive product sales: EY

LAURA MILLAN  |  TUESDAY, 9 SEP 2014
... "elephant in the room" remains the economic model of some aligned advice businesses. EY said ownership and vertical integration structures were not a problem in itself, but that conflicts arise when "inadequate transparency and disclosure to consumers ...