The $4.6 billion financial advice industry faces a remuneration conundrum, according to Commissioner Kenneth Hayne, as to whether under present settings advisers can ever truly set aside self interest and "greed" to fulfil their duty to clients.
By law, financial advisers are required to act in the best interests of their clients and to provide services "efficiently, fairly and honestly".
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
