Outsourced paraplanning: The pros and cons
Outsourcing services is far from unusual in the business world and with talent shortages in the advice industry, advice practices have to weigh up the challenges of hiring internal paraplanners amid a war for talent, or relying on outsourced services in Australia or overseas.
September 20, 2023
Bucking the views of the older generation, the youth want advice
Currently asset poor, the younger generation of Australians are more open to taking professional financial advice but are faced with the reality they can’t afford it. Meanwhile, the older generation who can afford advice have less interest in doing so.
September 20, 2023
New adviser registration requirement delayed to 2024
ASIC is extending the date by which financial advisers must be registered to 1 February 2024, due to the relevant legislation being stalled in Parliament.
September 20, 2023
Interactive Brokers pays $832k penalty for ‘negligent’ and ‘reckless’ conduct
Interactive Brokers Australia has paid a penalty of $832,500 to comply with an infringement notice from the Market Disciplinary Panel.
September 20, 2023
iFactFind and Voyant integrate services
Fintech start-up iFactFind and global financial planning technology company Voyant have integrated their tech services to facilitate client data transfer, enhance connectivity, and drive business efficiencies.
September 20, 2023
The ‘haves’ and ‘have-nots’ of Australian retirees
Australia’s retirement framework ranks amongst the best in the world but, with financial advice becoming scarce, recent findings show that retirement will become a dual class system if super funds don’t deliver better solutions to maximise the benefits available.
September 19, 2023
Over 50s financially illiterate about retirement: AMP research
Although it is expected that most Australians don’t have comprehensive knowledge of the retirement system, a research report from AMP has unveiled that even those with retirement on the horizon are not adequately informed.
September 19, 2023
LFG enters pilot partnership with Risk Hub
Loyalty Financial Group has entered a pilot partnership with Risk Hub, inviting advisers within the Loyalty network to share their experiences and challenges in integrating risk advice.
September 19, 2023
Tensions hinder progress in financial services: Research
Persistent tensions between legal/compliance and marketing teams are hampering progress in the financial services sector, according to a survey from compliance software producer Red Marker.
September 19, 2023
ISA, AIST merged association announces name change
The merged Australian Institute of Superannuation Trustees and Industry Super Australia will be named the Super Members Council of Australia.
September 19, 2023
Scientific Beta advocates 7pc decarbonisation push
Investment service Scientific Beta is advocating the seven per cent decarbonisation commitment and divestment pressure on large emitters to meet the emission goals for 2050.
September 19, 2023
Let’s spend money: Advisers must invest for the future
With the days of licensee services being provided at a loss long gone, advice practices must take the lead on investing in their own business. Neil Younger writes that doing so at the expense of short-term profit margins will pay off in the long term.
September 18, 2023
