FAAA welcomes revised ATO guidance on advice fee tax deductibility
The Financial Advice Association has welcomed the Australian Taxation Office’s revised guidance on tax deductibility of financial advice fees, suggesting that it’s a positive development in clarifying relevant rules.
December 13, 2023
Sequoia acquires its legal service provider
Sequoia Financial Group has acquired its legal service provider Australian Business Structures (ABS) for a cash consideration of $2 million.
December 13, 2023
AusSuper expands Churchill Asset Management partnership to US$1.5b
AustralianSuper has upped its partnership with Nuveen affiliate Churchill Asset Management to US$1.5 billion ($2.3 billion).
December 13, 2023
SMSF Association appoints board member
SMSF Association has appointed Christine Franks to the board as its governance expert, effective 1 January 2024.
December 12, 2023
Australians expect to retire with higher debt: AMP
Almost 90 per cent of Australians aged 50 and over believe they will still be paying off a mortgage when they retire, as AMP research finds that older Australians are preparing to head into retirement with higher debt.
December 12, 2023
Many sizes fit all inside super fund advice solutions
Super funds can’t pick and choose what sort of member might turn to them for advice, so they have to be prepared to serve anyone. With the government to push funds to give more advice amid the Quality of Advice Review reforms presented last week, this adds a level of complexity to an issue that’s already difficult enough to solve even for advice providers who can define a clear target market.
December 12, 2023
Mistakes are part of the journey in thematic investing
Thematic investing comes with great opportunities, along with risks – sometimes it can strike on the next big investment trend, while other times it can be a flash in the pan fad. Researchers have the unique position to identify the trends from the fads, but it is far from a perfect science.
December 12, 2023
Swan assures advisers not to fear industry funds
Joining the chorus of super fund providers coming in peace to the advice sector, Cbus chair and former federal treasurer Wayne Swan told an audience of advisers and licensees notorious for distrust of the industry super sector that the new regime of super advice will cater to a different market segment.
December 11, 2023
Private credit ‘exciting’ but manager selection is key
Advisers of high-net-worth clients are looking for products with an edge and private credit has become an attractive proposition in recent years. To succeed, the Professional Planner Researcher Forum has heard manager selection and understanding the role the asset class plays in portfolio construction is essential.
December 11, 2023
TAL launches SpotChecker program for the eighth consecutive year
Life insurer TAL has launched its SpotChecker program for the eighth consecutive year in 2023, encouraging more Australians to embrace skin safety.
December 11, 2023
Panorama launches two white label managed accounts from Evergreen
A pair of white labelled managed account suites managed by researcher Evergreen have been available on BT Panorama for two separate advice practices.
December 11, 2023
