Professional Standards

Make clients aware of the Code of Ethics

New research shows the broader population knows very little about advisers’ obligations to the new Code of Ethics, which is a shame because it could help the advice industry with its trust issues.

ASIC inches closer to phone tapping advisers

A Bill presented late last year granting the regulator increased powers to intercept adviser phone calls is waiting on amendments before it goes before the house and senate.

Downturn to play havoc with pensions

If returns revert to the mean, retirees taking outsized pension payments will face some tough decisions, Jonathan Philpot says. If the market takes a significant, sustained dive the government may once again reduce minimum payments.
Risk & Insurance

Almost half of risk clients don’t trust their insurer

Large swathes of consumers don’t believe that their insurer will pay up in the event of a life insurance claim, a new study from Metlife has found.
Top Comments

“Technical knowledge and strategies are naturally important, but they are also a given. We do our best work when we can help our clients make meaningful change...”

Julia Schortinghuis

Where advisers really add value

9 July 2019

“I am happy to listen to arguments like this but our industry has got into trouble when the view becomes the reason behind another shift in policy...”

Graham Taylor

FASEA’s Code of Ethics should kill percentage-based fees 

24 June 2019

“Fees will have to increase as commissions are removed. Some businesses will close, staff will lose their jobs and most importantly, clients will no longer have an adviser...”

Martin Watson

FASEA’s Code of Ethics should kill percentage-based fees 

24 June 2019

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In Brief – January

The news in brief from across the financial planning industry in the month of January.

Client numbers almost halved in a decade

A business health analysis looks at the drivers behind a reduction in the average number of clients a firm serves, which is down from 975 in 2009 to only 530 in 2019.

M&A state of play: Sellers motivated but buyers remain at bay

Contrary to the narrative that advice businesses are being sold off in record numbers, acquisition specialists say the ones on the market aren’t always what buyers are looking for.
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Still got swagger: Aussie markets in 2020

Asset consultants aren’t ready to run from Aussie shares just yet. Returns in 2020 might not match a stellar 2019, but conditions remain favourable and a wholesale retreat is unwarranted.

What investors can learn from Japan

If an ageing population and increasing debt is a negative influence on interest rates, then the world may be in for an extended period of low rates - Japan offers a few clues about what we might expect.

Active versus passive: Look beyond the binary

Aussie equity portfolios may suffer if investors take sides in the active versus index debate. With no shortage of options available, building a balanced portfolio is about more than picking sides.
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Tax board confirms FASEA alignment

The tax practitioners board has acknowledged that accountants who provide financial advice will probably meet its CPD requirements if they satisfy FASEA’s higher standard.

‘Woolly’ ethics guidance casts further doubt on referral fees

FASEA’s response to industry consultation – quietly released on December 20 – still leaves advisers wondering whether incentives to provide business referrals are banned or not.

Code ‘anxiety’ undermining professional status: Sanders

If the voices of all stakeholders - clients included - don't come together in a public conversation, the professionalisation of the advice industry will continue to be derailed, Deloitte partner and former FASEA CEO Deen Sanders, has explained.
Attend a Professional Planner Event
March 31, 2020

Retirement Conference

SUITABLE FOR: Chief executives, chief investment officers and heads of product and personnel working in member services and advice of Superannuation funds


June 1, 2020 - June 2, 2020

Licensee Summit

SUITABLE FOR: Licensee and dealer group heads.
The annual Licensee Summit is recognised as the key event for the leaders of financial planning dealer groups and licensees to meet and engage with peers and colleagues to discuss the issues that underpin great businesses and the delivery of great advice.
July 21, 2020

Best Practice Forum

SUITABLE FOR: Financial planning practice owners and principals.
The Professional Planner | Financial Planning Association Best Practice Forum taps into the experience and insights of practice owners, principals, consultants and other industry participants to deliver leading-edge thinking on financial planning best practice.
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