News
Global shift towards commission free financial advice gathers pace with UK ban
Posted on March 31st, 2010Industry Super Network (ISN) has welcomed news that the UK government regulator, the Financial Services Authority (FSA) has banned commissions on financial advice in Britain. Continue reading
Not for profit super funds dominate superannuation “league tables” – more proof of market failure in super
Posted on March 25th, 2010Today’s release of Australian Prudential Regulatory Authority (APRA) performance data has again highlighted the market failure of Australia’s super system. The data is evidence of the phenomenon that in super: “the more you pay, the less you get”. Continue reading
Supernomics-the more you pay the less you get!
Posted on March 22nd, 2010Two new reports released this month by Industry Super Network (ISN), Supernomics and Transformation of the Financial Advice Industry, demonstrate a chasm between the potential for a well functioning superannuation system in the best interests of members, and the reality … Continue reading
Reform will increase, not reduce financial advice
Posted on March 21st, 2010Anticipated reforms requiring financial planners to act in the best interests of their clients could more than double the number of people receiving financial advice and add 10 per cent to Australian savings within 15 years, according to new research … Continue reading
FPA backpedals on insurance commissions: self-regulation
Posted on March 17th, 2010The Financial Planning Association’s (FPA) admission that they want to retain commissions on insurance proves that self-regulation won’t resolve conflicts of interest in financial planning. Continue reading