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Showing 61 - 70 of 83 results for "Vertical integration"

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 ...

Vertical integration good for consumers, competition: instos

LAURA MILLAN | MONDAY, 1 SEP 2014

Australia's largest financial services institutions have argued that vertical integration is positive for consumers because it helps market competition. The stakeholders have rebuffed the Financial System Inquiry's (FSI) concern that vertical integration ...

Aligned licensees could be renamed "restricted advice" groups

LAURA MILLAN | WEDNESDAY, 27 AUG 2014

... the adviser is able to recommend." The submission noted that "the inherent conflict of interest created by vertical integration may not be readily apparent to clients, particularly if the product manufacturer and advice parts of the business operate ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN | THURSDAY, 14 AUG 2014

Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

General advice is not advice: Rantall

JAMES FERNYHOUGH | FRIDAY, 8 AUG 2014

... separating personal professional advice from advice that amounts to product sales. On the question of whether vertical integration was a consumer's friend or foe, Rantall said it was not necessarily a negative. However, he insisted the client's best ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH | WEDNESDAY, 6 AUG 2014

... David Murray might make recommendations. These were: preserving financial sector and fiscal stability, making vertical integration fit for purpose, competitive neutrality and international policy integration. Among a whole host of "key bets" Chipman ...

Consumer awareness of vertical integration plummets

LAURA MILLAN | TUESDAY, 5 AUG 2014

The number of consumers unaware that their financial adviser works for a dealer group aligned with the big institutions has significantly increased over the past year. In 2013, 51% of the clients using Commonwealth Bank-owned Financial Wisdom thought ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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