Phew, that’s a relief: SG won’t impact wages of low earners
Before the superannuation guarantee changes come into force on July 1, we look at whether low-income earners, who may be receiving super payments for the first time, will be sacrificing any take home pay to achieve this.
May 11, 2022
15pc salary premium for female advisers
Female clients have become more independent and prefer dealing with women, but with roughly three quarters of advisers being male supply doesn’t match demand – which is why advice firms are willing to pay a premium for female financial advisers.
May 10, 2022
Coalition unlikely to make any reforms to vertical integration
Left out of the Quality of Advice Review, vertical integration is unlikely to be dealt with via regulations as the Morrison government feels the problem has gone a long way towards solving itself.
May 10, 2022
Clients have ‘liquid expectations’, advice tech must follow
The proliferation of tech solutions in everyday life creates consumer expectations that advisers need to match, explains Finura's Peter Worn. But has the advice tech market developed enough to help them do that?
May 09, 2022
Advice crucial to customer relationships for banks: EY
Not having banks involved in advice is distinctive to the Australia market and unlikely to last as advice is critical to the relationship banks want to have with its customers according to EY.
May 09, 2022
There are other ways to simplify best interest duty: AFA
Even if the safe harbour steps don't get repealed as part of the Quliaty of Advice Review, there are other ways to make best interest duty simpler to comply with according to AFA chief executive Phil Anderson.
May 05, 2022
Equity income to play crucial role for retirees
The current market will favour equity income over bonds for retirees with a once-in-a-generation occurrence leading to growth/defensive portfolio splits failing traditional portfolio allocation setups.
May 05, 2022
FPA to reduce CFP fees, scrap marketing levy
The membership cost for CFP professionals is going down next financial year by $100 to $995. It’s the first time in seven years the association has changed its fee structure.
May 05, 2022
‘Advisers don’t know what they’re doing’: Industry lost over breach reporting
Just over half of advisers don’t rate their own understanding of breach reporting, according to research from Gadens and Lawcadia. Only 24 per cent believe they are adequately trained by their licensee to monitor for breaches.
May 03, 2022
Value, not scale focused: Fitzpatricks takes new M&A lens
Focusing on “complex clients” that can get the most value of it’s Lead Adviser program is more important than scale according Fitzpatricks Private Wealth.
May 03, 2022
