Jamie Williamson

Editor @ Financial Standard.
Soft spot for financial advice.
Views are all my own.

[Jamie Williamson @jayellewill]

The most entertaining part of today's Standing Committee hearing on financial advice so far is watching all the senators watch the Olympics and complain about COVID while struggling to get Easton Investments back on the line #Tokyo2020

[Financial Standard @FinStd]

@AMP_AU, @CFS_AU, @Equity_Trustees, @IOOFEvents, @IntrustSuper, @netwealthInvest and @Suncorp have been called out by @asicmedia over wrongfully charging 'smoker' premiums to new members. https://t.co/mokiY2AdmT

[Jamie Williamson @jayellewill]

@FinanceChicks I appreciate your feedback and I agree this spread doesn't look great, but I can assure you the FS team - of which nine out of 11 are female - consistently seeks to highlight women. Unfortunately, given the nature of the industry, this isn't always possible.

[Financial Standard @FinStd]

#COVID-19 will see US pension funds approach point of no return, according to @Wirepoints research. https://t.co/QMf1fHnRN7

[Financial Standard @FinStd]

BREAKING: @CommBank sells 55% of CFS #finserv https://t.co/K8nwSTVj0P

[Jamie Williamson @jayellewill]

When I grow up I want to be just like @inagarten.

[phil @philipjonathn]

Somebody please check on @inagarten

[Jamie Williamson @jayellewill]

The founders of Storm Financial Group have lost their appeal against ASIC's 2016 decision.

[Financial Standard @FinStd]

BREAKING: Full Federal Court confirms Storm Financial directors breached duties. https://t.co/ZP6EfDT4Sy

[Financial Standard @FinStd]

The ASX is breaking tradition and holding it's ground despite Wall St tumbling overnight, but can this be sustained? #volatility #markets #WallSt #ASX https://t.co/4f6jWMLFaZ

[Financial Standard @FinStd]

BREAKING: @UniSuperNews suspends stock lending #superannuation #coronavirus https://t.co/sFAHKQYp1I

[Jamie Williamson @jayellewill]

How do you make the case for diversity?

"I don't. And if someone asks you that, tell them to make the case for homogeneity" - @arielfunds' Rupal Bhansali at @womeninsuper's NSW #InternationalWomensDay 2020 event. #EachforEqual

[Financial Standard @FinStd]

BREAKING: ASIC takes action against @TALaustralia over RC case #bankingRC #finserv https://t.co/6p7rLHxVV7

[Jamie Williamson @jayellewill]

Half of super fund advice fails to meet the best interest duty, while 15% of that poor advice put super fund members at risk. #FinServ @FinStd

[Financial Standard @FinStd]

BREAKING: Just 49% of advice provided by super funds is compliant, says ASIC #finserv @jayellewill https://t.co/07T2p8L05y

[Jamie Williamson @jayellewill]

"The regime of disclosure and management has not worked, so we took the view that not acting was better" - FASEA chief Stephen Glenfield on why the Code goes above common law in regards to removing and avoiding conflicts of interest.

[Jamie Williamson @jayellewill]

"I have much better things to do on January 2 than to come knocking on your door to check you've got a system in place" - Danielle Press on Code of Ethics implementation.

[Jamie Williamson @jayellewill]

"The Code of Ethics does not seek to remove scaled or limited scope advice" but consultation continues on how it will apply, Glenfield confirmed at #FPACongress.

[Jamie Williamson @jayellewill]

"Advisers should use this period to assess how they stand against the values... The Code does not seek to ban any particular remuneration. An adviser needs to consider their remuneration in the context of the entire code" - FASEA chief Stephen Glenfield tells #FPACongress.

[Jamie Williamson @jayellewill]

Danielle Press on grandfathered remuneration: "We've met with some people who seem to think there is a transition period from 1 January 2021. This is your transition period, so get prepared." #FPACongress

[Jamie Williamson @jayellewill]

"We expect planners to abide by the Code from 1 January... We realise standards 3 and 7 still need clarity. We do not expect licensees to change their remuneration models ahead of the guidance being clear" - Danielle Press at #FPACongress.

[Jamie Williamson @jayellewill]

"We are working hard to make sure all the investigations that the Royal Commission initiated are up and running by the end of the year" - ASIC commissioner Danielle Press at #FPACongress #finserv

[Jamie Williamson @jayellewill]

The Federal Court has today handed down its ruling in the ASIC vs. Dover and McMaster case.

[Financial Standard @FinStd]

Dover, McMaster found guilty in Federal Court #asic @jayellewill #finserv https://t.co/7XKhzKddQM