Opinion
Advice short-cuts may not be a bad thing
The onus on advisers to prove best interest, as opposed to simply meet best interest, is driving up the cost of advice. The repercussions are in no-one’s best interest, Neil Younger writes.
Neil YoungerMay 7, 2021
Industry
IOOF clears final hurdle on MLC acquisition
APRA's approval of IOOF's bid to take hold of the trustee responsible for MLC's superannuation assets essentially gives the final green light for the wealth giant's plan to build the nation's biggest wealth management network.
Tahn SharpeMay 7, 2021
Profiles
Bert van Manen: The advice industry’s inside man
As an ex-adviser, the member for Forde is one of the rare pollies with a reasonably informed view on the industry. Whether he’s holding ASIC to account or defending insurance commissions, van Manen has morphed into one of the industry’s most important voices. So what does he have to say?
Tahn SharpeMay 6, 2021
Industry
AMP calls out platform rate cards, won’t play ‘opaque game’
Platforms might be breaching legal obligations to treat members fairly by offering bespoke rate card discounts to advisers, AMP believes. The wealth giants says it is rolling out a series of discounts in order to counteract the issue.
Tahn SharpeMay 6, 2021
Industry
ASIC sends mixed signals on industry funding
Not long after ASIC chair James Shipton blamed the exorbitant adviser levy on a "mechanical" industry funding model, the corporate regulator said it has discretion in the allocation of resources and the option to waive levies.
Tahn SharpeMay 5, 2021
Industry
‘200 advisers is our aim’: Islamic advice group set for rapid expansion
The Muslim community is crying out for Islamic advice to be provided at-scale according to Hejaz Financial Services CEO Hakan Ozyon, whose firm has just set up its own advice AFSL and wants to bring a significant slice of the adviser workforce into its fold.
Tahn SharpeMay 4, 2021
Industry
Drained advisers need their mojo back: Barrett
Despite the enduring value of advice, parts of the traditional proposition have become stale. Advisers need to continuously expand their capacity to not only survive and earn a profit but to keep things interesting and have some fun. Paul Barrett writes.
Paul BarrettMay 3, 2021
“I am sick to death of being told financial advisers are crook. ALL the people I call friends in this industry do the right thing and have done so for years. They have always put the clients interest first, been ethical not only in business but in their personal lives as well.”
Steven Pugh
Professional Investment Services in Osborne Park, WA
“If AFSLs are still holding onto traditional business models then they will end up redundant and without a business. Fortunately, not all AFSLs and advisers have been blind and apathetic in responding to - albeit not so perfect - FASEA’s standards and ethics.”
Angelique McInnes
Central Queensland University in QLD
Investment
Into the light: Tech enabled accountants take the next step in client relationships
Automating tasks and employing cognitive thinking over mechanical data input has opened up a whole new relationship opportunity for accountants and their financial advice partners to give clients advice at critical times.
Jessica SierApril 23, 2021
Investment
HNW market holds steady during pandemic
The amount of high-net-worth investors in the Australian market remained steady during 2020 despite the financial hardship associated with the Covid-19 pandemic according to researcher Investment Trends.
Tahn SharpeApril 14, 2021
Investment
Managed account FUM nears $100B
Funds under management in managed accounts reached $95.2 billion by December 2020 according to the latest figures from IMAP, and are likely to cross the $100 billion dollar mark at any time depending on the performance of markets.
Tahn SharpeApril 12, 2021
Education
FASEA’s demise: Be careful what you wish for
Industry leaders should endorse the spirit and substance of the Code of Ethics and accept that there will be inconvenient commercial consequences for some of the industry’s participants, argues Robert MC Brown.
Robert MC BrownFebruary 3, 2021
Education
Kaplan doles out free FASEA exam prep tools
Education provider Kaplan has announced free examination support for advisers who are yet to successfully complete the FASEA exam requirement, which all advisers must do before January 1, 2022.
Tahn SharpeJanuary 22, 2021
Education
FASEA’s Glenfield: 10,000 qualified advisers a ‘strong’ story
Past the halfway point in its exam transition program, the authority’s CEO says its time to acknowledge what the uplift in professionalism means to consumers. “I had faith in the outcome of this,” Stephen Glenfield tells Professional Planner.
Tahn SharpeOctober 2, 2020
June 7, 2021 - June 8, 2021
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.
June 21, 2021
Retirement Conference
SUITABLE FOR: Chief executives, chief investment officers and heads of product and personnel working in member services and advice of superannuation funds
July 27, 2021
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.