Financial planning's worst rip-off
![Commissioner Kenneth Hayne will look into financial planning in his second round of hearings.](http://web.archive.org./web/20180416040007im_/http://www.afr.com/content/dam/images/h/0/x/f/e/2/image.related.afrIndexLeadWide.460x260.h0ytih.gshfrb.png/1523849953574.jpg)
The big five of financial planing are going to get the book thrown at them in round two of the Hayne royal commission. And they should.
The big five of financial planing are going to get the book thrown at them in round two of the Hayne royal commission. And they should.
The board of Blue Sky will seek an independent valuation review of every asset it manages, admitting it had fallen short of the market's expectations around transparency.
Financial services giant identified 80 advisers as engaging in conduct that was either dishonest, illegal, fraudulent, negligent, incompetent or grossly negligent
The major banks admit paying conflicted remuneration to financial advisers in breach of the law, as ASIC told the royal commission vertical integration was an inherent conflict. Follow live here.
In the shadow of the royal commission, an increasingly ugly and personal confrontation is dividing the investment community.
The ASX has eased off this afternoon after it rose 36 points in early trade.
Authoritarian China can put its citizens through trade war sacrifices that American voters will not tolerate.
Insurance groups bristle at the high costs of crash repairs and that's helping to drive consolidation.
The A2 Milk Company is expanding into South Korea via a sales and distribution deal with local pharmaceutical giant Yuhan.
Locked in what Seven West Media had nicknamed 'the war room', Kerry Stokes, his son Ryan and Tim Worner worked late into last Thursday night to save Seven's summer schedule and change the entire network.
Australia's annual wine exports to China burst through $1 billion, in another good sign for Penfolds owner Treasury Wine Estates.
Virgin shareholder Geoff Wilson wants to know why the airline's board rejected privatisation.
David Evans and Alan Dixon's audacious public float is built on a struggling residential property fund that has charged its investors hundreds of millions of dollars in fees while delivering little in return.
Instead of holding investors' hands and telegraphing their every move, central banks could become more ambiguous and inject some uncertainty into markets.
Oil prices have hit their highest since late 2014 and JP Morgan says Brent could go to $US80 as US strikes on Syria threaten a new period of heightened Middle East conflict.
Robert Penaloza, Aberdeen Standard Investments' head of Australian equities, sets out his top stock picks in the Australian market.
If you think the battle for Blue Sky is all about short sellers, you're not paying attention. But don't worry no one else is either.
Between now and the conclusion of the royal commission, there will be a lot more change and a lot more apologies.
The big banks will be even more alarmed by the start of round two of the royal commission Monday morning than they were with Kenneth Hayne's previous scarring round of hearings into consumer lending.
The idea that Mitsui could or would be squeezed into surrendering the opportunity to operate the major WA gas project it has bought is risible.
The military man who spearheaded the Coalition's efforts to stop the boats will become the next Chief of the Defence Force.
Winning support for new technology means explaining to voters that fuel excise is already broken.
Malcolm Turnbull will swap domestic unrest for global turmoil over the next 10 days in Europe.
The resources industry is pushing to abolish Australia's more than 122 industry awards.
Economist and former Treasury official Robert Carling says a cut to marginal rates should be a secondary priority for Malcolm Turnbull and Scott Morrison.
The US Treasury's sanctions are against Oleg Deripaska and his companies. If sold, restrictions would transfer to Norilsk. Given Vladimir Potanin's concern for his business, he will not want this.
Donald Trump wants to contain the US role in Syria but warned there will be more strikes if Assad government uses chemical weapons.
Donald Trump has promised a sustained campaign to stop chemical weapons attacks in Syria but also wants to limit the US role.
It is vital we show that the world will not tolerate use of chemical weapons, writes Boris Johnson.
After 33 years building up the world's largest advertising firm, WPP's Martin Sorrell quits amid investigation into his conduct.
Livewire Markets' James Marlay talks with Prasad Patkar from Platypus and Colonial First State's David Wilson about a number of stocks in the spotlight.
Fund managers are cautious about high levels of household debt as Latitude prepares for a mega-float on the ASX.
Labor's proposal to stop franking credit refunds will affect about a million people and retirees are up in arms because it's not just "millionaires" who will be affected.
As private school fee increases continue to outstrip wage growth, you now have the chance to make 12 per cent annual returns helping parents cope.
The post-graduate employment survey has been super-sized by the Group Of Eight university collective.
A six month non-compete clause against a former middle manager at SAI Global Property might not apply, a court has found.
Hailed as one of the 20th century's most influential economists, Max Corden has plenty to say about China, population, Trump and Hitler over Lunch with the AFR.
MyState CEO Melos Sulicich hopes to cycle in the Pyrenees or Dolomites. But he's wary of Hobart's mountain.
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