Regulatory

The Chair of the IMAP regulatory Group, Adam Seccombe, provides a review of the work done by the group and looks ahead at the work to be completed.

The IMAP Regulatory Group was invited to participate in an open forum with ASIC, based on the surveillance ASIC conducted during 2019 on platform operators, SMA and MDA providers. PLease read on for an update as at March 2020.

Following the Royal Commission's recommendation, the Australian Treasury released a consultation paper just before Xmas 2019 on the proposed Compensation Scheme of Last Resort (CSLR).

This is a fund which will compensate clients of most financial services who win a compensation payment through AFCA or some other process. 

Comments required by 7 February 2020

By mapping your clients’ journey to the advice process, you can ensure your clients are getting optimum engagement at all their interactions and touchpoints with your business. Here are some tips from Netwealth for mapping your clients’ journey.

The number of clients seeking advise from planners continues to decline, as the move by more planners to self-licence increases.

These were two of the key findings to emerge from the 2018 Planner Business Model Report, which is an annual study of Australia financial planners and their business models by research company, Investment Trends.

Perspectives provides a round-up of the key recommendations in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This analysis concentrates specifically on the impact the recommendations will have on the financial advice sector in relation to managed accounts.

On Friday 28 September, Commissioner Kenneth Hayne handed down the interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry. And while the report didn’t provide any recommendations, it did raise a number of key questions for the industry.

The regulatory landscape of ESG is changing rapidly. At the IMAP InvestTech 2021 conference, Stuart Alsop of FE fundInfo took a deep look at the regulatory landscape - both here and overseas - and explains where the industry needs to go with ESG disclosure.

Jason Huljich (Centuria Capital), Andrew Lockhart (Metrics Credit Partners), Daniel Choo (Russell Investments), Alex Donald (Ironbark), and Chris Ogilvie (Invest Blue) consider potential issues in going down the private markets path

Leah Sciacca (ASIC) provides a recap on the key findings of ASIC's Report 779 and the role of super trustees, financial advisers and advice licensees in monitoring investment underperformance

David Wright, CEO Zenith Research and Toby Potter, Chair IMAP discuss the state of the managed accounts market, as the industry rides out the COVID-19 pandemic.