Latest News

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA
The federal court will soon determine if it will approve the $16 million to settle the class action against E&P Financial Group as some victims of Dixon Advisory and Superannuation Services (DASS) are running out of time to make a claim.

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON
Centrepoint Alliance is working to launch a new, "competitively priced" IDPS and superannuation platform, a strategic initiative outlined as it posts $140.5 million in gross revenues for 1H24 and $4.9 million in profits.

Canna Campbell slapped with $114k legal bill

KARREN VERGARA
A judge has ordered financial adviser Canna Campbell to pay $113,791.50 in legal costs after she was found guilty of trademark infringement.

Super funds in pole position for expanded advice

KARREN VERGARA
Superannuation funds will have a leg up over life insurers and banks once the federal government implements its proposal to expand financial advice.

Latest White Papers

Wills and 'the guilt of giving'

LARISA KAPUR   A Will should be structured in a way that reflects your personal wishes, not the expectations of those around you.

An introduction to philanthropic giving

DAVID BARRETT   This article introduces financial advisers to the financial planning considerations that arise when clients have philanthropic goals.

Halal investing versus ethical investing

HEJAZ FINANCIAL SERVICES   Halal investing is a process that aligns with Islamic principles and is sometimes called Shariah investing or Shariah-compliant investing.

Is the 'passive versus active' argument flawed?

GRANT PEARSON   This managed fund comparison is often accepted on face value but is it valid?

A ticking time bomb

JONATHAN LIGHT, VALESKA BLOCH, JOSHUA ANDERSON, EMILIANA GALLEGO   Insurers heavily scrutinise organisations' ability to prevent, anticipate and withstand cyber-attacks when deciding whether or not to offer cyber insurance.

Gearing and insurance

NADIA CASSIDY   With the considerable changes to insurance since the Life Insurance Framework and changes legislated by The Australian Prudential Regulation Authority (APRA) in the last few years, insurance is an area that we are seeing advisers approach less and less.

Are NFTs and NFPs a match made in heaven?

DARREN FITTLER   Non-fungible tokens (NFTs) exploded in popularity in 2021. Fundraising teams within some charities and not-for-profits (NFPs) who were in the midst of pivoting their strategies because of COVID-19, took note of this demand and used NFTs to raise substantial sums for their causes.

AI regulation in Australia

SIMON BURNS, JEN BRADLEY   The Australian Government has recently released the discussion paper Supporting responsible AI: discussion paper, seeking industry feedback to inform the government's approach to regulating AI-whether through mandatory or voluntary mechanisms-to help support responsible AI practices and mitigate potential risks.

The evolution of superannuation operating models

PETER SHERRIFF, CLAYTON ISSITT   Regulatory and stakeholder demands are driving superannuation funds to evaluate their operating models, with a focus on improving efficiency, preparing for potential mergers and scaling in a sustainable fashion.

Courts turn up the heat on SMSF inheritance disputes

HAYLEY CONDON   Growing risks in trustee discretion and conflicts of interest are continuously seen for self-managed superannuation funds (SMSFs) and estate dispute trends, with advisers needing to become increasingly wary of changing litigation risks to protect assets held in superannuation and estate planning generally.

The decumulation puzzle

SIMON BRINSMEAD, MEHER EDIBAM   The UK defined contribution (DC) pension system is a relatively immature system compared with three decades of defined contribution history here in Australia. Despite this, the UK is already making significant progress in moving forward with ideas to make retirement simple for members.

Industry super funds should consider aged care

ASSYAT DAVID   Aged care is becoming an important advice area, not only for older members but also for younger members who either need to make arrangements for parents or are planning for their own future aged care needs. Here are five reasons why industry superannuation funds need to support members with aged care advice.

Trusts may be the answer for parents of high-needs children

MICHAEL CROWE   Raising a child can be challenging at the best of times, but when a child has high needs, parents face additional concerns.

Superannuation 'death tax'

BRETT DAVIES   When a person dies with money in superannuation two questions arise. Firstly, who does that money go to and how can you ensure that it goes to the people you choose? And secondly, what tax will be payable by the recipients and what steps can be taken to reduce the tax burden?

Thinking about self-licensing?

SEAN GRAHAM   We recently learnt that 98% of the new advice licensees that commenced operation in 2023 were 'micro-licensees'-that is, licensees with fewer than ten advisers.

Understanding AFCA: Powers and remedies

BARTIER PERRY LAWYERS   The Australian Financial Complaints Authority (AFCA) complaints against financial firms in the banking and finance space rose 27% in the financial year ending 30 June 2023, bringing the total complaints in that sector to 53,638.

The 'sophisticated' investor

NICOLE RADICE, REBECCA RUTLAND   When raising capital in Australia, corporations are generally required to comply with the disclosure obligations under the Corporations Act 2001 (Corporations Act) by providing prospective investors with sufficient information about the company's operations and financial position prior to offering the relevant securities.

How increases to income support partially negate inflation

MICHAEL TRAN   Recent data suggests inflation may have peaked,[i] however, it remains high and above the inflation target of the Reserve Bank of Australia (RBA).

CX: Experiences that keep your customers coming back

JODIE KNOWLTON   The way customers or clients interact with businesses has rapidly evolved in recent years. What has not changed, however, is the need to provide an outstanding experience in order to retain those customers.

Lessons for communicating risk and uncertainty

SIMON RUSSELL   For those who never saw the film Don't Look Up, it is a movie about how the human race responds when they discover that a large comet is on a collision course with Earth. One interesting aspect about the movie was how it dealt with risk and uncertainty in decision-making.