It started as a health crisis and quickly became an economic crisis. Now, six months on from the initial COVID-19 lockdown in Australia, we are arguably experiencing one of the …
As the COVID-19 pandemic continues, many businesses are turning their attention to recovery. But a range of challenges have emerged as potential roadblocks, with CoreData’s latest COVID-19 Pulse Check of …
Economic development has provided untold opportunities for upward socioeconomic mobility. It’s even spawned a term to describe those who have accumulated wealth quickly and risen through the social ranks: the …
Almost three quarters of Australians now experiencing financial vulnerability or hardship were able to pay their bills with money to spare before the COVID-19 pandemic struck. CoreData’s latest COVID-19 Pulse …
CoreData’s research over the past two decades has consistently found that at any point in time, only around one in four Australians are receiving financial advice. This is a relatively …
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”. …
