Bullying banks threaten govt over price-signalling
With the banks brow-beating the government over price-signalling, we can't afford to dump laws that protect the public.
View ArticleKeane: govt hoisted by its own FOFA petard
The government's half-smart decision to try to sneak its repeal of FOFA through parliament has ended up costing it dearly.
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Banks bail out of wealth management
The era of big banks being all things to all people is coming to an end as the majors offload their wealth management and insurance arms. The post Banks bail out of wealth management appeared first on...
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Banks’ business model burns to the ground at royal commission
What's left of the vertically integrated wealth management model, under which big banks and AMP ripped off consumers for years, was destroyed at the banking royal commission yesterday. And there's more...
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Financial planning isn’t even close to being a profession, and that’s the...
The poor quality and lack of professionalism of financial planners is a huge problem for all Australians. The post Financial planning isn’t even close to being a profession, and that’s the problem...
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It’s time for a reckoning on FOFA
The major bank lobby group now wants to fix the Future of Financial Advice framework, but it was one of the major players in trying to water it down as much possible. It owes the community an apology....
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Liberals agree to implement FOFA, a decade too late
If the Liberals hadn't been so determined to protect their big bank and financial adviser mates, much of the "fees for no service" scandal of recent years would never have occurred. The post Liberals...
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Scott Morrison’s blatant and bungled lie
Scott Morrison's Trump-like lie about financial services yesterday suggests he has no interest in facts at all. The post Scott Morrison’s blatant and bungled lie appeared first on Crikey.
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FOFA II? Pushback from rentseekers begins anew
A segment of the financial planning industry continues to see itself as the real victim of banking scandals and is desperate to stop any reform. The post FOFA II? Pushback from rentseekers begins anew...
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Shorten, for all his faults, leaves with a substantial legacy
As the Albanese government struggles to make its mark, Bill Shorten is a reminder that if good policy isn't always good politics, politics can still be a vehicle for good policy. The post Shorten, for...
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