Advice

Advice

$24,716: What professional advice would add to GDP per person

A new report from CPA Australia and CoreData has used modelling to put a number on just how beneficial financial advice, accounting and broking services are to consumers and the country.

Tahn SharpeNovember 26, 2020

Advice

Managed accounts put to the test during Covid drawdowns

How advisers implement investment recommendations has evolved significantly, most notably in terms of how this process is integrated into business, something that was tested during recent market drawdowns.

Nina HendyNovember 24, 2020

Retirement

SMSFs ‘equivalent value’ to APRA funds at $200K: Rice Warner

The report, which was commissioned by the SMSF Association, paints a much friendlier version of the sector than ASIC's controversial fact sheet did one year ago.

Tahn SharpeNovember 23, 2020

Advice

Tiered offerings: The three-legged stool

While client segmentation is certainly prevalent in advice practices, there is surprisingly little written on how to differentiate tiers of service. And it’s easy to see why, says David Haintz.

David HaintzNovember 6, 2020

Advice

Advisers face ESG legal risk as REST case settles

There is an “increasing risk” of actionable claims against advisers who don’t account for financial risk due to ESG factors, according to Mills Oakley lawyer Mark Bland. FASEA’s Standard 6 was a red flag, but the recent case against REST super has solidified the concern for advisers and licensees.

Tahn SharpeNovember 4, 2020

Advice

Fundies ‘squeezed again’ in the jostle for margins

All parties in the value chain are under increasing pressure, which has more to do with taking cost out rather than margin, Praemium's Mat Walker describes in conversation with Professional Planner's Shape of Advice podcast series.

Nina HendyNovember 3, 2020

Superannuation

Lack of industry consultation on super ‘crazy’: ALP’s Jones

The Labor MP expressed support for some kind of a performance benchmark to hold underperforming funds to account, but he said the government’s current proposal falls short during an interview on Monday.

Matthew SmithNovember 2, 2020

Retirement

Simplicity and confidence key to retirement puzzle: Challenger

Finding better retirement solutions will require more than just ‘age and balance’ metrics, but the industry will need to keep things simple to retain members’ faith and their confidence to spend, according to Challenger’s Aaron Minney.

Tahn SharpeNovember 2, 2020

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