Financial planner bashing has become a national sport. The financial advice industry has battled consumer and media perceptions that advisers are a bunch of cowboys flogging products to line their …
Most of the developed world has enjoyed a population growth dividend lasting for five or six decades in preparation for dealing with an ageing population. But China has enjoyed only …
From its earliest days, digital technology has sought to help us sift through the information overload to discover relevance. While this promised to broaden our horizons it has in fact …
Since emerging in the late 1990s, the self-managed super fund (SMSF) sector in Australia has shown uninterrupted growth. According to the Australian Taxation Office (ATO), as at 31 March 2019, …
Buried deep in the PhD thesis submitted by Milton Friedman in the late summer of 1940 (note 1) are a couple of jokes, which I really love. The first joke …
The government recently dismantled a final argument in defence of grandfathered conflicted remuneration when it released regulations providing that from January 1, 2021, conflicted payments can no longer be made …
Freedom of choiceIs what you gotFreedom from choiceIs what you want In ancient Rome there was a poemAbout a dog who found two bonesHe picked at one he licked the otherHe …
Over the past few months, both the Superannuation Productivity Commission and the Financial Services Royal Commission have recommended changes to the default super system. If implemented, the changes will weaken …
There’s one thing we can be sure of as the financial advice industry professionalises and realigns to deliver services in the best interests of consumers: the cost to financial advisers …
It’s the new work order: abandon the shackles of the 9 to 5 in favour of working multiple jobs, for multiple employers. Drive for Uber, take some paid board positions, …
In the short term, the exit of major financial institutions from the advice industry will cause disruption to advisers, and potentially to clients. But in the long run, it will …
Already this year the Productivity Commission has released the final report on its review of the superannuation sector, and the final report of the Royal Commission into Misconduct in the …
“The chief value of trail commissions to the recipient, to put it bluntly, is that they are money for nothing.” Commissioner Kenneth Hayne, Royal Commission into Misconduct in the Banking, …
The aged care industry has seriously, and in some cases tragically, failed its most vulnerable clients, and the Royal Commission into Aged Care Quality and Safety, which kicked off in …
In presentations by CoreData to financial planners, licensees and product manufacturers about the future of advice and distribution, there’s a slide we’ve titled “Ken Hayne and the Destruction of Trust”. …
