The advice industry has a key opportunity to strengthen ties with regulators. The article highlights how revisiting ASIC’s mission and prioritising consumer protection and public interest can pave the way for improved regulatory relationships.
The Performance Guarantee Paradox
How Licensees became underwriters of investment returns – and why Shield and First Guardian may finally change that. The adviser doesn’t manage the money… The fund manager makes the investment decisions… The research house gives it a “Favourable” rating… The platform conducts due diligence before hosting it… The trustee / responsible entity signs it off…
