Latest News

FPA overcharges members

KARREN VERGARA
The Financial Planning Association of Australia has admitted to overcharging members but declined to reveal exactly how much.

Tribeca Financial acquires advice practice

KARREN VERGARA
A Financial Standard Power50 financial adviser and practice owner has sold his firm to Tribeca Financial.

Count Financial adds advice firm

KARREN VERGARA
A Victorian financial advice business is the latest to join Count Financial, making it the 23rd addition to the group this year.

Future2 commits over $1.5m in grants

CHLOE WALKER
Future2, the foundation of the Financial Planning Association of Australia (FPA), has announced the awarding of $148,600 in new grants to 15 not-for-profit organisations in 2021.

Latest White Papers

Trust and trustworthiness

RAY MCHALE   Consideration of trust and trustworthiness in the financial advice industry is unavoidable. This is because the Financial Adviser Standards and Ethics Authority (FASEA) Code of ...

The human dimension of conduct risk

ATTRACTA LAGAN   What would you do if you found a colleague's behaviour unacceptable, even unethical? Most of us believe we will speak up, however, research shows we often fail to act on our ethical ...

Downsizer contributions revisited

MINH LY   In the 2021 federal budget, the government proposed expanding eligibility to make downsizer contributions to individuals 60 and over, from previously 65 and over, allowing more ...

Tapping into the fixed income evolution to improve client portfolios

PAUL BENSON   The fallout from the Global Financial Crisis set off a sea change in fixed income markets. The rise in electronic trading, a growing roster of liquidity providers, and efficient ...

The distribution of life insurance in Australia

MICHAEL MULHOLLAND   MetLife Australia undertakes an annual Understanding the Adviser-Client Relationship Report, which explores the attitudes, behaviours and expectations of current and potential ...

Insurance cover available through superannuation

AMY LEWIS   Superannuation funds typically offer three types of insurance to members. How age makes a difference to superannuation insurance If a member is over 25, most superannuation funds ...

How to ready your business for managed accounts

JASON KOMADINA   Implementing managed accounts in an advice practice involves much more than simply selecting the right provider. It is an opportunity to refine the practice's value proposition ...

Using data to drive operational efficiencies

KON COSTAS   This paper looks at how financial advice businesses struggling to contain costs can use insights from benchmarking data to support better operational and strategic decisions.

Work test and the exemption for recent retirees

TIM HOWARD   One of the most significant measures announced in the May 2021 federal budget was the proposed exemption from the work test. How does the work test apply now, and what is expected ...

Indexing the personal transfer balance cap

TIMOTHY MILLER   The general transfer balance cap (GTBC) was introduced from 1 July 2017 and is a cap on the how much can be transferred to a retirement phase pension for a member. The cap ultimately ...

Specialist insights on aged care advice

RAHUL SINGH   When looking at aged care advice from an adviser's perspective, we find that there are some common themes of interest. This paper offers insights from three experienced aged care ...

Guide to granny flat interests

RAHUL SINGH   There are a number of accommodation options for older people who require assistance and may not want to live by themselves. While residential aged care homes generally suit those ...

What is the Family Tax Benefit and is it taxable income?

JUSTON JIRWANDER   The Family Tax Benefit (FTB) is a two-part payment to assist with the cost of raising children. To qualify for the FTB, a person must: have a dependent child or full-time secondary ...

Fringe benefits tax

KMT PARTNERS   Every March 31, the fringe benefits tax (FBT) year ends. With the ever-increasing budget deficits as a result of COVID-19, the Australian Taxation Office (ATO) will be reviewing ...

Enhanced fee disclosure statements

SEAN GRAHAM   Advisers and licensees have had a lot of regulatory reform to manage in 2021, so it is no surprise that there is still a measure of confusion and uncertainty around these new ...

Get ready for the IDR changes

VARUN BHATIA   With the implementation date of the internal dispute resolution changes imminent, many advisers and licensees will have commenced updating internal complaints procedures to comply ...

Leveraging expertise to expand your value proposition

RAYMOND MILES   This paper comprises an excerpt from Fortnum Private Wealth's The inevitable advice journey: Where professional advisory firms are set to land report. The report claimed the ...

Strategic planning and middle-market businesses

MICHAEL DUNDAS   This paper examines the relatively recent wave of business strategic planning triggered by the COVID-19 pandemic, and which could deliver favourable returns for many years, as ...

How advisers can obtain genuine client feedback

SIMON RUSSELL   While most would agree that getting good client feedback is desirable, it can be difficult for a financial adviser to know what their clients actually think. Clients could feel ...

Selling an advice practice

SCOTT BREWSTER   Due to tighter compliance requirements and changing personal priorities, many financial advisers are beginning to think of selling their practice. However, selling a practice ...