Reason to be optimistic: advice over the horizon

The local advice industry might be in a messy transition period, but going by international standards it is starting from a much, much better place than many others.

No more free passes for SMSF breaches: ATO

The head of the tax regulator’s SMSF division revealed 75pc of trustees were being let off, but that is set to change after a review highlighted "ineffective" enforcement practices.
Professional Standards

Surviving the Code of Ethics 101

UNSW Business School’s Dr Tracy Wilcox suggests advisers consider their ethical mindsets before getting too prescriptive about their Code of Ethics obligations.

‘That is crazy’: Hume bemoans lack of super choice

The Minister touted the government’s new ‘Your Super, Your Choice’ Bill and took a swipe at employers with enterprise agreements that lock employees into using unwanted default funds.
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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Mind the gap: Every licensee has its compliance shortcomings

In the high stakes area of compliance, every licensee will have its strengths and shortcomings. In a continuation of this series of columns, compliance expert Conrad Travers looks at what on offer in the market for advisers.

NAB’s WEXIT delayed again, plan remains a mystery

The company linked its remediation project, operational challenges and a torrid industry environment for yet another delay in the separation of its MLC wealth management business.

De Ferrari accepts bonus hike as AMP takes a bath on profit

The AMP board decided to award its CEO a 60pc increase in bonus incentives on the same day it announced shareholders wore a $2.5 billion net loss and 440 advisers left the company in 2019.
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Invest in line with how old you feel

How old do you feel? Academics at Maastricht argue that not only our true age but also our subjective age should be integrated into designing and marketing financial products and services like target date funds and pension products. 

Time to be smart about yield

Instead of switching around holdings to generate yield, which can in turn introduce more risk, a total-return investing approach can automatically rebalance portfolio assets while supplementing income for retirees.

The ‘giant ponzi scheme’ this fundie is wary of

The asset manager’s flagship fund manager explains why historically low yields and inflated asset prices have created an economic house of cards.
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ALP supports FASEA extension through firmly gritted teeth

A Bill to extend the adviser exam and education cut-off date passed the house of representatives with the reluctant support of Labor MPs in Canberra yesterday.

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.
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.