News : Financial Planning

Financial Planning, Retirement, Superannuation

Life expectancy tables imperfect

Longevity risk Median expectancy tables Median age IFPA

It is not sound practice for advisers to rely almost solely on ABS life expectancy tables to manage a longevity risk due to the data involved.

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financial advice, Financial Planning

FAAA to launch advice academy

FAAA Financial Advice Association of Australia Adviser academy Financial advisers

The FAAA will launch an advice academy to assist high school students and career changers to make the jump into the financial advice sector.

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financial advice, Financial Planning, SMSF

Online advice driving new set-ups

New SMSF trustees are shunning traditional sources of advice when setting up a new fund, choosing to rely on online information and word of mouth.

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financial advice, Financial Planning, SMSF

Advised SMSFs hit all-time low

SMSF Financial advice Vanguard Investment Trends Irene Guiamatsia

The number of advised SMSFs has dropped to an historical low, with advisers being urged to reconsider how they offer services to existing and new trustees and fund members.

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Education, Financial Planning

Greater university involvement needed

Education Financial planning University course

The financial advice profession will benefit from an increase in specific education offerings from the major universities around Australia.

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financial advice, Financial Planning

Budget fails to address advice issues

Budget Financial Advice Association Australia FAAA compensation scheme of last resort ASIC levy Advice fees tax deduction Dixon Advisory

Industry bodies have criticised the government for continuing to neglect key industry concerns in handing down the 2024/25 federal budget.

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financial advice, Financial Planning

FAAA wants CSLR funding clarity

AFCA CSLR Dixon Advisory FAAA Financial Advice Association Australia compensation scheme of last resort

The FAAA has once again called on Treasury to explain why advisers should be forced to fund compensation claims arising from the Dixon Advisory case.

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financial advice, Financial Planning

Fee consent form sign-off unnecessary

FAAA advice fee consent form sign-off

The FAAA has called for an end to financial product providers verifying fee consent forms provided by an adviser who has already gained their client’s consent.

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financial advice, Financial Planning

New adviser class insulting to sector

Financial advice qualified advisers Stephen Jones QAR IFPA

A proposal to create a new class of financial adviser is an insult to those who have attained high-level qualifications and the government should reconsider its plan.

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financial advice, Financial Planning

Govt to create new advice class

Quality of Advice Review QAR financial advice qualified advisers Stephen Jones Angus Taylor

In an effort to meet the need for financial advice, the government will allow financial institutions to provide it through in-house advisers with lower education standards than those in the current advice regime.

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