Most SoAs can be cut in half
The head of fintech YTML says advisers are overcompensating in their Statements of Advice, out of fear of non-compliance.
May 23, 2018
Stockbroking advisers give industry woes perspective
SAFAA chief executive Andrew Green will call the royal commission “cathartic” at the group’s national conference today, but will also emphasise good conduct in the sector.
May 23, 2018
Budget proposals advisers need to know
A change in the work test would create room to manoeuvre for retirement income and taxes. Proposals would also affect the age pension income test and more. Max Newnham writes.
May 22, 2018
Holes remain while royal commission plays out
Twenty of the 50 recommendations the ASIC Enforcement Review Taskforce made are on hold while the high-profile inquiry continues, despite being agreed to by the government.
May 21, 2018
Adviser rues change in SMSF audit rule
A proposal to allow some SMSFs to be audited only every three years could result in more minor infractions to justify yearly reports, specialist tax planner Max Newnham said.
May 21, 2018
Market your advice to the next generation
The next generation’s burgeoning buying power and the imminent transfer of wealth make Millennials an important age cohort for financial advisers to get their heads around.
May 21, 2018
Expect more regulation and oversight
The industry got a peek into what’s likely to be coming down the pipeline during a speech by ASIC's new chairmain, James Shipton.
May 18, 2018
Don’t get caught in aggressive tax planning: a guide for planners
An ATO commissioner warned of areas in the healthcare sector, retirement planning and SMSFs where it is watching closely.
May 17, 2018
The FPA’s plan to move licensing to individuals
The FPA has suggested a system that would grant licences to advisers. Chief executive Dante De Gori says the plan would leave some related obligations with corporate entities.
May 16, 2018
