Australian advice clients are significantly less concerned about hidden fees and costs in their advice relationship than their global counterparts according to new research from consultancy Ernst & Young.
Super funds will soon be compelled to develop retirement solutions, which means advice clients will be looking for help understanding a slew of new and potentially complex products and services. There is a small window of opportunity for advisers to prepare.
The inclusion of administration fees and benchmarks for unlisted infrastructure and property investments headline amendments to the Your Future, Your Super draft regulation. While flaws remain in the design, most believe the performance test has been significantly upgraded.
The sale of Suncorp’s remaining wealth business was the outcome of a strategic review which began last February last year and continues the Queensland financial institution's wealth exit which began in 2015 with the sale of its financial planning business.
New research out of Melbourne shows how important advisers are in presenting annuities as a viable option to consumers. Advice business models, however, are often blocking the path for these products to reach consumers.
Forty per cent of people are affected by at least a mild cognitive form of impairment according to lawyer Michael Perkins, which means a lot of SOAs are being signed despite capacity issues. Without obvious signs, should advisers be expected to make a medical diagnoses?
For 25 years Paul Moran heard that ‘past performance doesn’t relate to expected future performance’. The adviser finally decided it was time to find out how much influence past performance really has on investor decision-making.
After teaming up with Rice Warner to propose ‘simple’ and ‘complex’ personal advice last October, the FSC has brought in an external research team to find out if the idea would resonate with consumers.