On Practice

Take the pressure off staff: Macquarie’s West

One of the Sean West’s first learnings around mental health during the pandemic was to not expect everyone to be as efficient as they would normally would be, because this is not a normal situation.

Funds lambasted by ASIC for marking members as default smokers

ASIC's Danielle Press said the funds that have remediated members have 'heeded' lessons from the royal commission. To date, the same can't be said for AMP, IOOF and Suncorp.

Advisers ‘in the driver’s seat’ with licensee choice

Increased competition, declining adviser numbers and changing models are combining to give advisers increased leverage over licensees, a panel has heard. The things advisers need to be aware of in this environment are changing as well.

Wade’s AMP departure cloaked in mystery 

The nature of Wade's resignation after less than two years in the role is unclear, with a statement released by AMP shedding no light on the reasons behind it.
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Code monitoring to be superseded by bigger plan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

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Fix disciplinary body plan before it’s too late: FPA

Dante De Gori believes that if the FPA doesn’t push the agenda on reform now the industry will get a disciplinary body full of licensing and regulatory overlap that will cost advisers time and money. 

Only 6 licensees reported code breaches so far: ASIC

The efficacy of Treasurer Josh Frydenberg's temporary solution to the the government's code monitoring quandary is in question after ASIC revealed that only a smattering of licensees have reported adviser breaches to the corporate regulator.

‘Conservative’ licensees hampering scaled advice: ASIC

Commissioner Danielle Press said the compliance level employed by licensees is “definitely different” than ASIC’s, describing overly conservative tactics are “concerning”.
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‘Vanilla’ beta not so sweet as bonds lose their lustre

Investors are at a bit of a crossroads as traditional fixed income products pull in yields close to zero and liquidity issues forcing intermittent ‘dislocation’ of bond prices beyond fair value, according to fund managers.

The new defensive: Is there life after bonds?

Investors are facing some deeper thinking about defensive asset classes, portfolio diversification and income generation in light of the diminished attributes bonds now hold due to the unique circumstances financial markets are throwing up. Experts discuss the evolving environment and consider relevant defensive strategies.

Blood and equity: Family offices flock to PE

Large family offices are trending towards private equity for diversification, access to what they perceive as value investments and an underlying passion for off-market deals that UBS says is "in their blood".
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Industry lags on pitching advice as a career

While the education mandate and professional year have added much-needed structure to the path for prospective advisers, the industry hasn’t quite figured out it’s pitch to the next generation yet.

Extension Bill passes as FASEA flaws get airtime

The Bill granting advisers extensions to the education requirement time frames set out by FASEA were passed in the Senate on Wednesday following some revealing debate in both the House of Reps and the Senate about the statutory body's challenging 18 months.

‘Second sitters’ lowered exam pass rate: Glenfield

FASEA’s chief executive attributed the latest dip in exam results to a larger cohort of advisers re-sitting the exam, whose pass rate came in at around 50 per cent. Tahn Sharpe reports from the Professional Planner Digital Licensee Summit.
Attend a Professional Planner Event
December 2, 2020

Researcher Forum

SUITABLE FOR: Heads of dealer group and licensee research businesses, senior executives of independent research firms, and senior professionals involved in researching investment products for inclusion in model portfolios and implemented consulting.
The event designed specifically for senior research professionals. The forum focuses on issues related to the generation and delivery of research and research-related materials to clients.
February 1, 2021 - February 3, 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.
March 9, 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