A message for advisers: ‘Play the piano, don’t move it’
Advisers should aim to spend about 80 per cent of their time in face-to-face contact with clients or connected via other means. Getting the right mix of client versus 'everything else' time could require consideration of outsourcing and offshoring options, David Haintz writes.
August 10, 2020
Superannuation: an industry tearing itself apart?
Any industry which cannot work through its infighting to resolve industry challenges is likely to be viewed skeptically. Of course, for superannuation the majority of contributions are mandatory: this should be a sector where self-interest doesn’t exist.
August 10, 2020
Take the pressure off staff: Macquarie’s West
One of the Sean West’s first learnings around mental health during the pandemic was to not expect everyone to be as efficient as they would normally would be, because this is not a normal situation.
August 07, 2020
Funds lambasted by ASIC for marking members as default smokers
ASIC's Danielle Press said the funds that have remediated members have 'heeded' lessons from the royal commission. To date, the same can't be said for AMP, IOOF and Suncorp.
August 07, 2020
Advisers ‘in the driver’s seat’ with licensee choice
Increased competition, declining adviser numbers and changing models are combining to give advisers increased leverage over licensees, a panel has heard. The things advisers need to be aware of in this environment are changing as well.
August 06, 2020
Wade’s AMP departure cloaked in mystery
The nature of Wade's resignation after less than two years in the role is unclear, with a statement released by AMP shedding no light on the reasons behind it.
August 06, 2020
Fix disciplinary body plan before it’s too late: FPA
Dante De Gori believes that if the FPA doesn’t push the agenda on reform now the industry will get a disciplinary body full of licensing and regulatory overlap that will cost advisers time and money.
August 05, 2020
Only 6 licensees reported code breaches so far: ASIC
The efficacy of Treasurer Josh Frydenberg's temporary solution to the the government's code monitoring quandary is in question after ASIC revealed that only a smattering of licensees have reported adviser breaches to the corporate regulator.
August 05, 2020
‘Conservative’ licensees hampering scaled advice: ASIC
Commissioner Danielle Press said the compliance level employed by licensees is “definitely different” than ASIC’s, describing overly conservative tactics are “concerning”.
August 04, 2020
‘Impact of Advice’ index launched by Investment Trends
Professional Planner has partnered with the researcher to develop an index designed to track the reach of quality financial advice and the difference this advice makes in the community.
August 04, 2020
Goals based advice needs tighter certainty metrics
The financial advice value proposition needs to accommodate and promote the role of certainty and risk; without it, the industry’s transition to a profession will be hampered from the outset.
August 03, 2020
Investment hubris a handicap in pandemic era
Humility will be key for investors in navigating the pandemic markets era, a panel has heard. The biggest mistake now is to presuppose that yesterday’s metrics and tools will work tomorrow.
August 03, 2020
