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Showing 51 - 60 of 83 results for "vertical integration"

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
... undermine that learning culture if it is not reviewed," FPA chair Neil Kendall said. This week, we ask if vertical integration should be re-modelled in financial institutions?

RC suggests separating platforms and advice licensees

ALEX BURKE  |  MONDAY, 30 APR 2018
... made by Senior Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved product lists that ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... costs," Nowacki said. "Institutions will also need to review the clear conflicts of interest around their vertical integration of wealth and retail banking divisions and whether some of these businesses need to be sold or spun off." Nowacki also noted ...

ASIC totally unprepared for advice reforms: Tynan

ALEX BURKE  |  THURSDAY, 19 APR 2018
... talk to the government, who prepare reports using those same consultants." "No one should be shocked about vertical integration. They [institutions] wanted to control every step. They knew the advice to the consumer would blow up." As a result of this ...

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] ...