Tahn Sharpe is a Sydney-based financial services journalist with a background in financial planning. He writes on advice, superannuation, investment, banking and insurance issues, is a certified SMSF Adviser and holds an Advanced Diploma of Financial Planning. Contact at [email protected]
The minister said the Treasurer and her department are working together with ASIC and industry bodies – who she praised for presenting a united voice – to make the “tortuous journey” of reform easier for advisers.
Tahn SharpeOctober 20, 2020
Advice firms looking to build scale are being told to involve their licensees early when acquiring businesses, as tighter compliance benchmarks make it harder to get deals across the line.
Tahn SharpeOctober 19, 2020
Shadow finance minister Stephen Jones said proving that a commission-based model can function without conflicts is an “enormous challenge”. While open to the findings of the 2021 insurance review, he made it clear the ALP has every intention of getting rid of commissions holus-bolus if elected in 2022.
Tahn SharpeOctober 15, 2020
The regulator will consult with industry on what’s blocking the provision of limited advice, which it says consumers want more of. According to ASIC’s advice lead, Kate Metz, word on the street is that licensees are the ones getting in the way.
Tahn SharpeOctober 14, 2020
Research into the advice market suggests a new benchmark for revenue per-client that can be used as a prompt for advisers to check in on their own remuneration. It's also a stark reminder of how increasing costs are affecting advice businesses.
Tahn SharpeOctober 12, 2020