Industry Updates

Super dominates adviser technical queries: AMP

Financial advisers are focused on helping their clients navigate super contributions, conditions of release or withdrawals, transfer balance caps and home ownership issues, according to the latest data from AMP Advice.

November 28, 2023

What the Optus outage can teach financial advisers

Another global financial crisis is as inevitable as a cyber-attack hitting Optus or any other telco. Paul Moran writes that despite the cautionary tales from other industries, not enough advice businesses have a robust financial crisis management plan.

November 28, 2023

Fresh political probe a chance for super sector’s new leaders

Industry insiders may well bristle at the thought of yet another parliamentary inquiry into superannuation and related issues. But it is also a chance for the sector to make its own case on member experience and customer service standards, and for the newly unveiled CEOs of the SMCA and ASFA to prove their advocacy credentials.

November 28, 2023

Advisers want more support to help educate clients of geopolitics: Viridian

Some 73 per cent of financial advisers said they could use more support to educate clients about the potential implications of geopolitical tensions, according to a new poll conducted by Viridian.

November 28, 2023

CSC bolsters its retirement income strategy with Challenger

Commonwealth Superannuation Corporation will move into the next stage of its Retirement Income Strategy in early 2024, enlisting Challenger to develop a longevity solution to help meet its customers’ needs in retirement.

November 28, 2023

TPB reporting regime passed but advisers in the dark

Legislation for mandatory reporting for financial planners registered as tax agents has passed, but the advice profession might feel justified for feeling clueless about any obligations. Tom Ravlic writes there are a range of risks planners face in terms of applying the new law in the absence of appropriate guidance.

November 27, 2023

Converging cultures and a new congress

It’s easy to focus in on the convergence of two different association cultures when attending the inaugural FAAA Congress last week, but Julia Newbould writes that Congress is indicative of other trends for where the profession is heading.

November 27, 2023

Govt to regulate genetic testing in life insurance underwriting

The government is considering the options to regulate the use of genetic testing results in life insurance underwriting, releasing a consultation paper on Monday for industry submissions.

November 27, 2023

Govt to introduce RBA reform bill this week

The government will this week introduce legislation to Parliament to reform the Reserve Bank of Australia by reinforcing its independence, clarify its role and modernise its structure.

November 27, 2023

Wealth transfer talks key to client satisfaction rate: Research

By encouraging clients’ children to be involved in the wealth-transfer process, financial advisers are likely to see a higher satisfaction and retention rate, according to a whitepaper from Australian Ethical and CoreData Research.

November 27, 2023