News : Financial Planning

Specialist advice needed more than ever

July 29, 2020

The SMSF Association has stated there has never been a more critical time for trustees to receive specialist SMSF financial advice.

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Financial Planning

AMP advisers begin BOLR class action

July 29, 2020

Jason Spits

AMP advisers have started an open class action against their licensee after the latter changed the terms of a buyer-of-last-resort arrangement.

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Financial Planning, Retirement

Cheap advice a must for retirement system

July 22, 2020

Jason Spits

Low-cost, mass-market financial advice must be available to those facing retirement and should be built into Australia’s retirement savings system.

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Accounting, Financial Planning

Licensing forces industry to rethink roles

July 14, 2020

Tharshini Ashokan

AFS licensing requirements will push more advisers to specialise over time, allowing accountants to take on the role of the generalist for the SMSF sector.

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Financial Planning

Advice curbs COVID-19 financial worries

July 8, 2020

Tharshini Ashokan

Australians who seek financial advice are less concerned with the financial impact of COVID-19 compared to those who don’t seek advice, a survey has shown.

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Financial Planning

Tech stacks not meeting adviser needs

July 7, 2020

Tharshini Ashokan

Financial planners are relying on their technology stack in greater numbers in order to engage with clients, but many believe their platform and advice software needs are not being met, research has revealed.

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Financial Planning

Reform has pushed away advisers and clients

June 30, 2020

Jason Spits

The costs of reform have caused practitioners and consumers to abandon the financial advice sector according to two representative bodies.

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ASIC, Financial Planning

ASIC cancels licence of SMSF advice group

June 30, 2020

Jason Spits

ASIC has cancelled the licence of a now-liquidated Queensland-based advice group that offered SMSF advice and services to clients.

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Financial Planning, Tax

TPB, FPA forge inaugural partnership

June 25, 2020

Darin Tyson-Chan

A memorandum of understanding has been signed between the Tax Practitioners Board and the Financial Planning Association facilitating an official information exchange.

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Financial Planning

COVID advice relief impractical

June 24, 2020

Darin Tyson-Chan

Feedback from the financial advisory sector has revealed practitioners consider the compliance relief implemented for some COVID-19 advice lacked practicality.

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