Capacity a ‘ticking legal time bomb’ for advisers
Forty per cent of people are affected by at least a mild cognitive form of impairment according to lawyer Michael Perkins, which means a lot of SOAs are being signed despite capacity issues. Without obvious signs, should advisers be expected to make a medical diagnoses?
April 01, 2021
The role past performance plays in investment decision-making
For 25 years Paul Moran heard that ‘past performance doesn’t relate to expected future performance’. The adviser finally decided it was time to find out how much influence past performance really has on investor decision-making.
March 31, 2021
FSC brings in pollsters to look at ‘simple vs complex’ advice plan
After teaming up with Rice Warner to propose ‘simple’ and ‘complex’ personal advice last October, the FSC has brought in an external research team to find out if the idea would resonate with consumers.
March 30, 2021
‘I have a contribution to make’: ASIC’s Shipton
ALP Senator Andrew Leigh said he could understand why it was in the ASIC chair's interests to come back to the top job and enhance "public perception" that he had cleared his name, but was it in the regulator's interests?
March 29, 2021
From gym sessions to retirement plans: Noni and Kate
After bonding over high-intensity interval classes at the gym, Kate Long eventually decided Noni Crawford was the right person to advise her and her husband Don through a tough SMSF situation and into retirement.
March 26, 2021
‘Mechanical’ industry funding model to blame for high levy: ASIC
Royal commission enforcement and declining adviser numbers have contributed to the increased levy, ASIC's top brass explained, but it is the rigid nature of the industry funding model that stops them from being able to alleviate the pressure.
March 25, 2021
Call for banks to pay advice ‘exit fee’ and subsidise adviser levy
One association suggests charging the banks $7,400 for every adviser they released since the Hayne Royal Commission and using the revenue to subsidise the current ASIC adviser levy.
March 24, 2021
Rejecting Covid vaccine ‘unfair’: Dr John Fraser
While he doesn't advocate forced vaccinations, the world-renowned medical professor and heart and lung intensive care specialist expressed frustration with poor leadership and the media "beat up" on blood clots, which has undermined confidence in the global vaccine rollout.
March 24, 2021
When a client isn’t a rational investor
Having a deeper – and sometimes uncomfortable – conversation with clients about their investment beliefs and the assumptions they are making can effectively clear the air and avoid the conflict experienced in encouraging clients to do 'the right thing', Paul Moran writes.
March 23, 2021
ASIC’s adviser registry ‘falls apart’ on qualifications
The regulator’s FAR has the potential to be a central source of truth about adviser qualifications, the FASEA exam and membership association, but formatting flaws and missing information are confounding users.
March 22, 2021
