Thought Leadership

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APRA heatmaps should be put on ice

The question no-one wants to ask is – Why are APRA collecting, interpreting and then publishing information in the public domain? The answer is simple – They shouldn’t be! Instead of regulating, APRA are now trying to play the shame game through their just released heatmaps. But there is a real risk that some of […]

12 Dec 2019

Financial planning practices can excel in the new era of advice – but growth must be the focus

From Cardena Private Wealth

Generally speaking, boutique financial planning practices can excel and prosper in the new era of advice, however the rules have changed and standing still or staying small, is no longer an option. Growth, whether in terms of profit, expansion or market share is an imperative if financial planning businesses are serious about the future. It […]

23 Oct 2019

Return of the mutual model needed for an industry that has lost focus & sense of purpose

From PFM Australia

Although it’s impossible to undo the failures of history, there is hope for the future of financial services with a modern-day adaption of the mutual life insurance model to restore much-needed certainty, trust and confidence to the insurance sector. For nearly 150 years the financial services industry in Australia prospered immensely from the life insurance […]

04 Oct 2019

AMP Insights

From AMP Capital

Ask anyone on the street if they are confident to compare super funds and you’ll likely have them scratching their heads. For our industry to rebuild trust and become more transparent, we need a better way for all Australians to compare super funds, so they can cut through the ‘noise’. That’s why AMP is welcoming […]

27 Sep 2019

Government accelerates decline of planners and accountants – economy employment and consumers suffer

From Australian Wealth Solutions

The growing calls for government to stop interfering, over-regulating and irreparably harming the important financial planning and accounting sectors continues to fall on deaf ears with the economy, employment and consumers equal losers. Planners and accountants could accept the decline in their livelihood if it was the result of new technologies, outsourcing, overseas competition or […]

26 Aug 2019

Creating a sustainable future: Grameen’s model is not a hand-out, but a hand-up

From The BFO - The Board of The Banking and Finance Oath

An executive high-flyer who spent her first years on the poverty-stricken streets of Manila has told how she walked away from corporate life – as she felt like a fraud. Though Kat Dunn, who will be speaking at The BFO Crossroads Conference next month next month, is now back – this time a chief executive. […]

05 Aug 2019

The Banking and Finance Royal Commission: Will this time be different?

From The BFO - The Board of The Banking and Finance Oath

The imputations of Commissioner Kenneth Hayne’s final report on the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry were blistering. The Banking and Finance industry are led and staffed by the greedy who are more than willing and able to exploit the needy. The industries’ systems are fine-tuned to measure profit – […]

29 Jul 2019

To the young people of banking and finance: Please seize the opportunity and break the shackles of conformity

From The BFO - The Board of The Banking and Finance Oath

To my mind, Kenneth Hayne was to the banking and finance industry what a building surveyor is to a rickety house. He ripped off the gleaming cladding to reveal cracked foundations, some rotten beams and a few broken tiles that let in the rain. But he did more. He also afforded us a glimpse of […]

26 Jul 2019

When life and misunderstanding get in the way of taking out life insurance

From Integrity Life

Royal Commissions, inquiries and investigations have resulted in scores of negative headlines about the financial services industry. While the tide is starting to turn and the industry seeks to rebuild trust, it would still be reasonable to think that, as a new life insurance company, customer distrust would be the biggest battle we, and the […]

10 Jul 2019

Labor needs to rethink LRBA ban

From Thinktank

The Labor Party has been urged to rethink its policy of banning Limited Recourse Borrowing Arrangements (LRBAs) in the wake of its electoral defeat on 18 May. Jonathan Street, CEO of the specialist commercial and SME property lender Thinktank, says banning LRBAs was always a “blunt instrument” for cleaning up that small element of the […]

21 Jun 2019