It’s about clients, not awards: Shadforth’s Phillip Gillard
Adviser Phillip Gillard is on the cusp of clocking up 25 years with Shadforth Financial Group but he's not interested in recognition. "I am less about putting myself forward for awards and more about doing the best work for my clients," he tells Nina Hendy.
February 17, 2021
Don’t oversell SMSF tax benefits, advisers warned
Placing too much emphasis on the current day tax advantages of SMSFs, rather than the eventual retirement payoff, can increase the risk of breaching the sole purpose test according to CFS technical lead Craig Day.
February 16, 2021
Advice complaints rulings fairly evenly split: AFCA
The largest portion of complaints relating to investments and advice (32 per cent) are passed on by AFCA because they land outside the complaints authority’s jurisdiction, AFCA's 2020 complaint data shows.
February 16, 2021
AMP Wealth’s survival chances: Advice execs weigh in
The majority of advice executives from a cross section of the industry believe AMP’s wealth arm is beyond help, but not all. “They have the scale to come out successful but it's not going to be the way it looks today,” one said. “I don’t think you can say they won’t right the ship.”
February 15, 2021
Advice affordability concerns a ‘phantom fear’
Those bleating about affordability before reforms to advice have been bedded down are jumping at shadows, says Dan Brammal. "Consumers now can’t access good quality advice," he says. "From whom? The ones who left the industry rather than meet the good quality advice standards?"
February 12, 2021
AMP backs advice strategy after Ares bid pulled
Despite being rejected by its major suitor and leaking plenty of revenue across its advice channels, CEO Francesco de Ferrari tried to shine a light on some of the positives during AMP's FY20 results call.
February 11, 2021
CPA calls for ‘partial’ adviser cost recovery model
CPA Australia has joined the Financial Planning Association in urging the government to reconsider the efficacy of ASIC's industry funding model, and recommended moving towards a partial cost recovery model that relieves the financial burden on practitioners.
February 10, 2021
Strategic advice in line to be next regulatory target
If the biggest indictment on the industry to date has been fees-for-no-service then the next big test for advisers will be demonstrating value for service in their investment proposition, especially if clients are being separately charged for that service. Neil Younger writes.
February 10, 2021
Fix conflicts before making advice more accessible: Consumer group
The consumer lobby group suggested policymakers and regulators focus on scrubbing conflicts out of advice, rather than easing regulatory constraints, in order to make advice more accessible and affordable.
February 04, 2021
