Regulatory change needs new approach: Tria
The government should consider a more streamlined approach to regulatory change – as well as deregulation – to bring down industry costs, says Tria Investment Partners. In its latest Trialogue article, superannuation consulting firm Tria Investment Partners said it estimates that several regulatory initiatives will cost the industry $2.93 billion to implement. The research was conducted […]
Read more...Regulatory change to cost $3b
The financial services industry will spend a total of almost $3 billion to implement eight regulatory change proposals, according to Tria Investment Partners. As part of research it undertook for the Financial Services Council (FSC), Tria arrived at this figure after calculating costs to implement reforms in the advice industry such as the Future of […]
Read more...Financial sector can’t afford more delays, reviews on reforms
The cost of reform, review and re-review over the last five years into financial services, the largest sector in the Australian economy, is a staggering $2.75 billion. Persistent political change has contributed to this cost of reform. Over the same five-year period during the terms of both Labor and Coalition governments, financial services has experienced […]
Read more...The cost consequences of a regulatory merry-go-round
Regulatory change has been and always will be part of financial services – over the years around the world regulatory reforms have helped the industry improve how we serve our customers. However, the sheer amount of regulatory change over the last five years is unprecedented, and the benefit of some changes is yet to be […]
Read more...Getting segmentation right: knowing who is going to vote 1 for you
If winning elections is predicated on having the strongest understanding of your constituents’ hearts and minds, then so too is a successful distribution strategy when it comes to your intermediaries and clients. As the 2nd July federal election post-mortem continues to dominate news cycles, what is clear is that this is precisely where things have […]
Read more...Standard Life Investments wins Best Thought Leadership
NMG Consulting congratulates Standard Life Investments on their recent award for Best Thought Leadership Work at the Investment Marketing and Innovation Awards, sponsored by Investment Week. This award was based on the recent European Insurance, Unprecedented Pressure and Change 2015 survey and report. Download your copy of this award-winning report here.
Read more...Triumph of the Heavies?
401(k) Distribution: The Decade Just Ended – Fourth in a Series A decade ago, Heavy advisors (those deriving 60% or more of their income from 401(k)) constituted 18% of the channel and accounted for 55% of asset sales. Last year they constituted 26% of the channel and commanded 63% of the asset sales. They are […]
Read more...SMSFs running out of puff!
Once seen as perhaps the primary strategic problem facing superannuation funds, there is suddenly much less noise around SMSFs these days – news articles available to search on Google are down by 55% in just a year, and calls into the Tria/NMG office asking how to respond to the threat have all but dried up. […]
Read more...It’s About the Investments, Right?
Topics in 401(k) Distribution – Third in a Series Not necessarily. Advisors are investment pros so it follows that 401(k) fund advisors see their value proposition mainly in terms of supporting investment and investment manager decisions, right? True, for some advisors, some of the time. But for two-thirds or more of all 401(k) advisors, annual […]
Read more...The Asia Region Funds Passport: solving the wrong problem
The nirvana of an Asian funds passport – that would allow Australian fund managers unfettered access to Asia’s growing middle classes and already substantial private banking client set – has been enticingly close to our grasp for some time. It has been a meaningful policy objective of various firms and their industry representatives and the […]
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