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‘It’s just too hard to stay in the insurance advice business’

As the planner exodus continues, Professional Planner talks to Jeremy Wright, a 59-year old insurance adviser set to abandon his ASIC registration on January 1, 2021. “This is like a bloody communist state,” he says.

Tahn SharpeJanuary 22, 2021

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Cardena’s Kilborn trades travel for more time in the business

After tearing up a full travel itinerary last year, Jonathan Kilborn has had a chance to spend more time with clients and reflect on Cardena’s internal processes while his team has worked from home more, Nina Hendy writes.

Nina HendyJanuary 22, 2021

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AFA requests ‘cross government and industry’ panel

The AFA has proposed a working group be established containing representatives from Treasury, the regulator and industry to keep abreast of regulatory developments in its submission to ASIC's consultation on advice access.

Tahn SharpeJanuary 21, 2021

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Schroders touts alternatives to ‘lousy’ defensive returns in 2021

There’s no silver bullet to poor returns on defensive assets, according to Schroders Simon Doyle, but the "big middle" between high quality bonds and equities is fertile ground if you can stomach a trip down the capital structure.

Tahn SharpeJanuary 21, 2021

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Licensees self-interested, more concerned with revenue: SMSF Association

CEO John Maroney conveyed the association's dim view of AFSLs in a submission to ASIC's consultation on access to affordable advice, as well as some suggestions for ASIC about its image in the industry.

Tahn SharpeJanuary 20, 2021

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AMP provides external coaching for 80 advice practices

AMP Australia’s managing director of business partnerships, David Akers, tells Professional Planner the institution’s wealth division is making external consultants available to help advisers adapt to the new market landscape.

Tahn SharpeJanuary 18, 2021

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Hume rallies the adviser troops on ASIC consultation

ASIC's consultation on advice access has the potential to be a "transformational undertaking", the newly promoted minister tells Professional Planner. The key, she reckons, will be getting advisers to tell their stories.

Tahn SharpeJanuary 15, 2021

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Still on the fringe: Researchers weigh in on crypto

There's nothing to suggest crypto currencies will be a mainstay on approved product lists or make their way into model portfolios any time soon, with most researchers still uncertain about many features of the asset including its value.

Matthew SmithJanuary 14, 2021

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