The financial advice industry will be a testing ground for the securities regulator’s tough new litigious stance on the country’s largest financial institutions, recent disclosures have revealed.
The Financial Services Council (FSC) has used comments by the Assistant Treasurer to renew its calls to have the market opened up to its members. It believes this will increase competition and bring fees down. FSC’s chief executive Sally Loane said: “The Government’s proposal is in the best interests of consumers and should be implemented […]
The ability of unconstrained fixed income managers to improve on conventional fixed income approaches, was challenged by Graham Ansell, general manager investment management, ANZ at the Fixed Income Forum in Melbourne. In front of a large audience of fixed income portfolio managers, specialist consultants and fund managers, Ansell expressed concern that investors were at danger […]