FASEA releases program and provider accreditation policy

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FASEA has released its final FPS002 Program & Provider Accreditation Policy. The policy was informed through stakeholder consultation and two pilot accreditations conducted at Higher Education Providers (HEPs). The policy provides guidance to HEPs and Professional Associations on the approval requirements for a range of education pathways in the FASEA Education Pathways Policy FPS001 including: […]

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Don’t lose tomorrow’s leaders, lock them in

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As the level of M&A activity increases in the financial services industry post Royal Commission, it’s time to put in place incentives so you don’t lose key employees. Many business owners count on key employees being there to take over the reins. But often key employees leave to work for a competitor or start their […]

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Good? Fast? or Cheap? What sort of advice is it going to be?

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A few years ago a university in New Zealand conducted a study to find out where consumers were turning to for financial advice. At the time they found that the number one source of financial advice for most respondents was “newspapers and media”. For 29% of the population that was their “go to” source for […]

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CPD: Ethics and financial practice

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The recent Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) highlighted numerous situations in which best practice – and arguably, an ethical approach to financial advice – was absent. This article, the first of a series of five brought to you by Grant Samuel Funds Management, will examine the […]

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Coping with change in the wake of the Banking Royal Commission

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The Banking Royal Commission has brought down a set of recommendations, most of which look likely to be adopted by the Government, regardless of who wins the next federal election. If adopted, these recommendations may force many financial services companies to introduce significant changes to their business models, within challenging time frames and this is […]

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How to find your Niche

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Knowing and working exclusively in your niche is nirvana for most professionals. Your niche is that absolute sweet spot where what you are fabulous at overlaps with what you love doing, and it is something that other people value and will pay you for. It is not a simple thing to define…and many professionals fall into the trap of doing what all […]

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New whitepaper reveals CFOs accountable for natural catastrophe loses in the year ahead

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When natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors. That according to a new FM Global whitepaper, Master the Disaster: Why CFOs Must Initiate Natural Catastrophe Preparedness in 2019 and Beyond, based on an analysis of 10-K filings […]

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Why settle for average?

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Advisers frequently settle for being average, and it is definitely not because they want to be average, but because they don’t really know what it takes to elevate their performance exponentially. They often ask how one professional can be so much more successful than they are and assume that there is some magic at work. […]

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Adviser soft skills need to remain a priority: MetLife  

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As the financial advice industry puts the spotlight on adviser education and technical competency with the release of the FASEA revised standards, soft skills remain a priority for clients, according to research from MetLife Australia. The MetLife Adviser-Client Relationship Report 2018 examined attitudes to purchasing life insurance through a financial adviser, surveying consumers and small to medium […]

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The art of giving suitable advice

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The most challenging area of financial advice which is subject to perpetual testing is the question of “suitability”.  WHY was a particular piece of advice appropriate for a particular client? What factors were considered, or even discarded, that led to a particular recommendation as being the right advice? It is an area that holds the […]

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