Industry Updates

Push for better regulatory enforcement not new laws: JAWG

The Joint Associations Working Group has warned that adding more regulation would have little impact in protecting consumers, arguing the Shield and First Guardian collapse saw existing laws breached. Led by the FAAA, FSC and Licensee Leadership Forum, the working group said effective oversight and enforcement by ASIC and APRA remained critical.

Mega themes, mega companies: The trillion-dollar thesis

The world's largest companies aren't just dominant because of their size - they're also the primary vehicles for the structural themes reshaping economies, from artificial intelligence to cyber security and defence.

How to avoid the ‘triangle of sadness’ in proposed capital gains tax changes

The proposed capital gains tax changes are not a reason in themselves to change asset allocation, but the new rules strengthen the case for holding growth assets in tax-efficient structures, such as superannuation, investment bonds, and exchange-traded funds held outside super, writes Betashares' Cameron Gleeson.

Advice firms need 25pc annual fee rises to be sustainable: Peloton

Advice firms will need a 25 per cent increase in ongoing fees to sustain desirable shareholder returns, according to data and analysis from Peloton Partners. The findings come as the latest Adviser Ratings Landscape Report shows the average advice practice profit margin sits at 23.5 per cent.

Super funds must adhere to governance standards they demand of others

Director tenure limits are embedded in governance codes across every major capital market. As Australian superannuation funds become retirement institutions, they should be held to the same standards that they expect of the companies they invest in, Jeremy Cooper writes.

Accountants’ exemption a supply-side relief proposal, with baggage

As financial adviser numbers continue to languish, a proposal to resurrect an old idea has emerged. But the politics that led to its demise in the first place might be too much to overcome, even if it could form part of the advice supply-side solution.

Licensees team up on AI governance due diligence

The Licensee Leadership Forum has been working on an AI governance due diligence program to develop best practice guidelines to lift industry standards, as some high-performing networks have leveraged AI to lift adviser output to serving over 200 clients.

PictureWealth becomes mega-licensee with Capstone takeover

PictureWealth continues to evolve from its fintech heritage with the acquisition of Capstone Financial Planning, turning it into a licensee owner with scale. CEO Allan Maitland tells Professional Planner the group still has the desire for further M&A.

Only advice and product together can deliver retirement confidence

Neither advice nor product innovation alone will deliver the retirement income solutions the Retirement Income Covenant envisages. But delivered together at scale, they can give members the confidence and assurance they need to retire well, the Professional Planner Licensee Summit has heard.

Why advice is critical to delivering member outcomes in retirement

Dissatisfied superannuation fund members are voting with their feet in search of greater flexibility, control and better service. Member movement is high, based on research by The Conexus Institute, but it’s not sinister, despite how it is being framed by some corners.  At the Professional Planner roundtable on superannuation, choice and the advice profession, produced in partnership with The Conexus Institute and sponsored by HUB24, advice leaders explored the complex fiduciary decision-making required for superannuation and retirement advice.

Crunch time: Why less is often more in private credit

Produced in partnership with Barings. The private credit sector has had a pretty good decade, with the exception of the last 12 months. After a period of strong performance and record inflows, conditions are turning, although the broad themes that underpinned the rise of private credit haven’t changed. There is still a credit demand and

The 2026 federal budget is changing the focus of advice

Since the federal budget in May, advisers are receiving a record number of enquiries from clients asking about the best way to build and structure wealth for the long term, writes Generation Life’s John Laver.

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