Prominent licensee heads have stood up for the licensee/authorised representative model and have asked potentially displaced advisers to consider carefully whether they’re cut out for operating their own Australian financial services licence.
Getting financial product design right is not easy and has not always been done well by institutions, Peter Labrie, head of Colonial First State’s investment, managed accounts and product strategy, has told an audience of researchers.
After failing to find an answer from the regulators, or the “gatekeepers”, on what an investment committee should look like, Annika Bradley took the question back to first principles and figured it out on her own.
The role of advisers in investment committees should be clearly defined and kept to a minimum, a discussion panel at Professional Planner’s Research Forum in Sydney has said.
Inefficiency and red tape are holding planners back from providing optimal outcomes for their clients. The biggest barriers to efficacy are bloated approved product lists (APLs) and a convoluted regulatory…
The research community needs to be proactive in weeding out products that don’t meet clients’ needs to prevent another crisis, a forum has heard.
