by Reine Clemow
This week we profile the Marketplace Prize draw 1st prize winner Reine Clemow from Acquira Wealth Partners in Southport, Queensland. Reine has 49 client reviews with an average customer rating of 4.96 out of 5 stars. Reine has, in his own words a…
by Adviser Ratings
The current Parliamentary Joint Committee on Corporations and Financial Services has been busy this week needling ASIC about all manner of things. It has revealed that ASIC will be looking at the fairness of advice fees across the superannuation…
by Adviser Ratings
Developments in the controversial AMP wealth restructure continue apace, with advisers who have been cut from the company’s future plans being told they have till Halloween to accept a “one-off offer” to leave or face less attractive options in the…
by Adviser Ratings
The last month has been a forgettable one for the Financial Services regulators ASIC and APRA after both had their cases shut down by the courts. The litigation first directive signalled by the regulators after the royal commission was supposed to…
by Adviser Ratings
It may have taken more than six months to incubate, but sustained criticism from industry regarding the recommendations of the Royal Commission is putting pressure on the government to reassess its commitment to their full implementation. Sections…
by Adviser Ratings
Though mandated to increase to 12% by 2025, the increase in the Superannuation Guarantee (SG) is being questioned in policy circles and by some government parliamentarians, particularly given the sustained lack of real wages increases in recent…
by Adviser Ratings
This week CPA Australia released a report called ‘The impact of complex regulatory reform’ which criticised the regulatory framework around financial advice as “convoluted” and “excessively layered”. On release of the report, financial advisers…
by Adviser Ratings
NAB has announced a further $1.2 billion in remediation expenses – mostly relating to financial advice in an update this morning that has already seem the banks share price tumble 3%. The additional expense means that NAB’s cumulative provisions for…
by Adviser Ratings
The AFA has continued it criticism of the processes around the formulation of government policy regarding the removal of grandfathered remuneration saying there is a “serious dearth of information available to the industry”.