Researcher Forum Digital 2020

Sanders: Fake advice models greater sin than fee conflicts

Advisers and researchers would have a much stronger ethical base if they focussed on honesty rather than the avoidance of conflicts and the mask of objectivity, the Deloitte head of ethics and professionalism and former FASEA CEO said.
Risk & Insurance

Most advisers to be exempt from new claims handling AFSL rules

Confusion around new rules for claims handling – and misleading press coverage – has led many advisers to believe they need to apply for a new AFS licence. Association heads have confirmed Treasury is set to include an exemption for the "vast majority" of advisers.

‘Advice Dividend’ to put numbers on the value of advice

Not only does financial advice have clear, measurable value for consumers both young and old, rich or poor, but a new study from IOOF and CoreData Research shows the Advice Dividend is often greater for the younger cohort – bucking the traditional line of thought.

Shane Fitzsimmons: Leadership under fire

During a candid discussion, the man who guided Australia through the 2019/20 fires revealed his own father’s untimely death while battling bushfires shocked him “to the core”, but the tragedy firmed his resolve to live a life serving the community.
View all

$24,716: What professional advice would add to GDP per person

A new report from CPA Australia and CoreData has used modelling to put a number on just how beneficial financial advice, accounting and broking services are to consumers and the country.

‘We did not overpay’: IOOF chair on MLC purchase

IOOF chair Allan Griffiths and CEO Renato Mota stared down dissenting shareholders and defended the group's MLC acquisition, as well as its plans to handle vertical integration while managing conflicts.

Outdated sophisticated investor rules increase ASIC’s load

As the corporate regulator fights to curb mislabelling of financial products, senior executive leader of investment managers Rhys Bollen highlights how 20-year old wholesale investor benchmarks are giving suspect product providers a broader base to work with.
Top Comments

“Here we go again, more unnecessary regulation. Claims advocacy does not necessarily need to be done by a financial adviser when no financial advice as a result of the claim process is required.”

Chris Todd

Chris Todd Financial Services in Mount Barker, SA

Exam pass rate slips to 79 pc

25 May 2020

“It’s very simple. Either intrafund advisers must seek signed bi-ennial (or annual) opt-in fee notices from fund members to receive their salaries (& bonuses) OR the alternative is to remove opt-ins for all retail advisers, once informed consent to charge a set ongoing fee has been put in place with the client. ”

Steve Blizard

Roxburgh Securities in Guildford, WA

Industry funds’ advice plans have not progressed

29 May 2020

“I think the FPA is on the money here. This is an essential move for financial planning to become a legally recognised profession under professional standards legislation.”

Tom Reddacliff

Encore Advisory Group in Sydney, NSW

Code monitoring to be superseded by bigger plan

3 June 2020

View all

Equity valuations pose ‘significant risks’: MLC

Fundamental analysts are being challenged not only by ultra-low rates, but by “aggressive” growth trends that are inflating prices and muddying the valuation waters in certain sectors, according to MLC Asset Management’s John Woods.

Don’t confuse ESG with genuine sustainability

Investors tend to take a more holistic approach to ESG considerations than portfolio managers, Lonsec's Tony Adams says, so when the two discuss ESG they're often talking about two entirely different things.

Opportunity for investment missteps ‘at all-time high’

Elevated risks due to the pandemic, the US election and a fiercely bifurcated market have put investors in a precarious position and reinforced the need for quality stocks that have less exposure to macro-economic turmoil, a panel has heard.
View all

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.

Harry Baker, the professional year pioneer

As the first to make it through FASEA’s 1600-hour training mandate for new advisers, Harry Baker represents a glimmer of hope for an industry that is desperate to attract a new generation of participants.

Remember that thing called the Code of Ethics?

The industry must be fully on board with the clear intentions of the code. Instead of complaining about its 'uncertainties', practitioners should recognise that it is deliberately not a technically prescriptive compliance-style laundry list, Robert MC Brown writes.
Attend a Professional Planner Event
June 8, 2021 - June 9, 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 22, 2021 - June 23, 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.