April 2017

Strategies for closing women’s super gap to dominate Summit

Women enter retirement with, on average, super balances barely half those of men. Changing this fact will be the focus of the Women, Super and Wealth Summit on April 27.

Sedgwick Review’s reforms just don’t go far enough

The Sedgwick report’s recommendations leave too many advisers – and too many asset-based fee arrangements – unchanged to give the industry what it needs.

The balance cap is easier to navigate without buying the myths

The complicated changes around pension balances require careful consideration to gain the best tax position for SMSF clients. Steering clear of the myths is a good start.

The future belongs to the professionally managed

To take advantage of growth opportunities, a practice must develop characteristics of a successful business. There are systems and processes but the first step is a commitment.

Super’s gender gap won’t survive an engaged youth brigade

The entire sector must dedicate itself to teaching girls financial independence with tools that make it accessible and easy.

Feel at home with housing assessments after a move into care

The home is often the largest asset for clients moving into aged care and its impact on fees payable can be complex. This article clarifies some of the rules.

Make sure your content gets a good look from potential clients

From web design to the quality of the content itself, there are many factors that influence your material’s potential reach. Here are some of the biggest influences.

How to protect clients while the profession grows up

New standards for financial planning will set in over the next several years. In the meantime, two key principles can help look after consumers’ best interests now.

Why becoming an expert counsellor should be standard as well

Howard Pitts was an early adopter of the fee-based system. His clients have no doubt as to what their paying for – his expertise, experience and counselling.

AFA launches its 2017 Awards Program

The Association of Financial Advisers (AFA) 2017 Awards Program, now in its 14th year, is set to begin its search for outstanding achievers across the financial advice industry. The AFA…

Expectations continue to fuel sale and exit inertia: Paul Tynan

Mature age accountants and financial planners are continuing to defer the sale of their practices in the erroneous expectation that their business will attract a higher price amongst a growing…

High-calibre Melbourne advisers join Fitzpatricks’ network

Two Melbourne-based advisers have aligned under the Fitzpatricks Private Wealth license, further contributing to the number of high-calibre advisers to have recently joined the national network. Chronos Private partner and…

New Zurich insurance app to boost efficiency, customer experience

New Zurich life insurance app to drive adviser efficiency and improved customer experience Zurich Financial Services Australia Limited (Zurich) today announced the successor to its pioneering LifeXpress mobile app, with…

Financial planners need a new way of thinking about retirement

Getting advice right for clients moving into retirement is arguably the industry's biggest challenge. It involves complex changes and asking the right questions.

Licensee Summit to reveal winners, losers and how to be either one

Key licensees will get an exclusive insight into CoreData’s analysis of whether they're winning or losing in the eyes of their own financial planners at the Professional Planner Licensee Summit.

FSC approved-products standard shows contempt for stakeholders

The Financial Services Council (FSC) has wasted an opportunity to deal with glaring conflicts of interest that lead to poor client outcomes by delivering an ineffectual Life Insurance Approved Product…

With a fine standards board in place, the real work now begins

The Financial Adviser Standards and Ethics Authority was established to make big changes, not tinker around the edges. The actions of its impressive board will be felt by all.

Keep the spotlight on the super gender gap

Only continued pressure will ensure that the societal and cultural forces behind poor retirement outcomes for women get addressed.

For the hard stuff, brains are still better than machines

AI and machine learning may get the job done in a game like chess. But it’s a pretty good bet we should still leave the complicated stuff to good, old-fashioned grey matter.

Further streamlining of regulatory approvals

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced that the Turnbull Government is providing greater certainty for financial market operators and reducing cost incurring…

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