In May 2006, Steve Tucker, then chief executive of National Australia Bank's MLC wealth business, made a speech that set off a firecracker in the financial services industry, the scars of which are still being felt.
Tucker lifted the lid on the "dangerously conflicted" business model of bank-owned financial advice, of which the organisation he led was a chief proponent.
Aleks VickovichWealth editorAleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
