June 2017

Market-linked pensions and the transfer balance cap

If your SMSF clients receive a market-linked pension, in addition to the transfer balance cap of $1.6 million, they must navigate the defined benefit income stream limit as well.

What the Census can tell you about your future clients

The latest demographic snapshot shows less outright homeownership and a population that will be focused on super, pensions and estate planning.

ASIC makes clear what it takes to call yourself ‘independent’

The regulator has clarified who can use terms such as ‘independently owned’ and is providing businesses six months to comply.

NAB Financial Planning names Head of Client Services Paraplanning

NAB Financial Planning (NAB FP) has announced the appointment of Rebecca Harrison as Head of Client Services and Paraplanning. Ms Harrison has 20 years’ experience in wealth management, spanning funds…

Media statement from Chartered Accountants ANZ on CPA Australia

Chartered Accountants Australia and New Zealand in discussion with regulators to support members should the Australian limited liability scheme administered by CPA Australia lapse Chartered Accountants Australia and New Zealand…

APRA announces Executive General Manager appointments

The Australian Prudential Regulation Authority (APRA) today announced the appointment of two new Executive General Managers (EGMs) to its senior executive team. These appointments complete APRA’s transition to a new…

Retirement Village Residents Often Left In Dark Over Contracts

Leading seniors’ advocacy group, COTA Australia, is calling on the federal government to consider implementing a national regulatory system for retirement providers, in the wake of the Fairfax/Four Corners program…

Kerr Neilson and Platinum are gifted at giving back

The path to professionalisation means different things to different people. For Platinum’s Kerr Neilson, it’s about philanthropy that helps prepare the next generation.

Facilitate more services for life after commissions

Financial planners must redefine how they sell themselves if they want to survive. That means becoming the means through which clients access myriad professional services.

Former AMP Financial Planning adviser permanently banned

ASIC has permanently banned Perth man, David Fong, from providing financial services and engaging in credit activities after it was found that he acted dishonestly in the course of providing…

ANZ Wealth launches video series to demystify insurance

ANZ Wealth today announced the release of a video series designed to support advisers and superannuation funds help their clients understand how they can make the most of their insurance…

ASIC extends time to provide SoA for urgent superannuation advice

ASIC has issued ASIC Corporations (Urgent Superannuation Advice) Instrument 17-530 (the Instrument) to temporarily extend the time financial advisers have to provide retail clients with a Statement of Advice (SoA).…

Link Group to acquire Capita Asset Services

Link Administration Holdings (ASX Code: LNK) (“Link Group”) has entered into a binding agreement to acquire Capita Asset Services (“CAS”) from Capita plc (“Capita”) for £888 million (~A$1,493 million1) (“Acquisition”)…

CFSGAM launches Responsible Investment & Stewardship Report

Colonial First State Global Asset Management (‘CFSGAM’) has today launched their 10th Responsible Investment & Stewardship Report. The report also marks ten years since CFSGAM became a signatory to the…

From ‘client’ as a boy to adviser as an adult

For Trent Rose, a childhood trip to the bank with his father helped spark an interest that turned into a career.

Win with eDMs: Know your audience and target well

Electronic direct mail has made engaging with clients easier for small businesses; proper use of automation, big data and calls to action will lead to success.

Countplus appointment of non-executive director

The Board of Countplus Limited (Countplus) is pleased to announce the appointment of Ms Catherine Hill (Kate Hill) who has joined the Board of Countplus, effective 26 June, 2017. Ms…

The man who helped prove commissions ‘just don’t hack it’

Jim Clegg was a founder of Pembroke Financial Planners. A desire to do what was best for clients led him to be among the first to show that fee-based pay structures could succeed.

It’s in your interest to join a real professional association

Professional associations serve the public interest, not their members. Planners and groups that don’t understand this don’t serve anyone particularly well.

HUB24 appoints Chief Operations Officer

New role reflects ongoing growth and evolution of the business Wealth management platform provider, HUB24 (ASX: HUB) today announced the appointment of Craig Lawrenson as Chief Operations Officer. Starting mid-August,…

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