On the same day ASIC’s top executives resigned over expenses scandals, a report was released highlighting that an uplift in ethical behaviour could save $45 billion and unravel some of the regulatory knots weighing industries like advice down.
Tahn SharpeOctober 26, 2020
Shadow finance minister Stephen Jones said proving that a commission-based model can function without conflicts is an “enormous challenge”. While open to the findings of the 2021 insurance review, he made it clear the ALP has every intention of getting rid of commissions holus-bolus if elected in 2022.
Tahn SharpeOctober 15, 2020
Research into the advice market suggests a new benchmark for revenue per-client that can be used as a prompt for advisers to check in on their own remuneration. It's also a stark reminder of how increasing costs are affecting advice businesses.
Tahn SharpeOctober 12, 2020
APRA has brought forward its suite of changes designed to save the insurance industry after seeing another $1.4B loss since December 2019. Capital penalties will now apply for income protection policies that don’t meet its new sustainability standards, which could force risk advisers to rethink their approach.
Tahn SharpeOctober 1, 2020
Tying the price of your advice to its value instead of the size of a client's pie is not only ethical but inherently more sustainable, argues David Haintz. While the rest of the world lags behind Australia in adopting fee-based models, the writing is on the wall for a global fee evolution.
David HaintzSeptember 30, 2020
On a global webinar with an audience of 1,000 CFPs, Newcastle planner Adele Martin revealed the most important things to remember before taking an advice business wholly online.
Tahn SharpeSeptember 24, 2020