AMP boosts LIF resource hub

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AMP has boosted its Life Insurance Framework (LIF) resource hub with the launch of a new video tutorial series and practice diagnostic tool to assist advisers in assessing and managing their LIF readiness. The video tutorial series, developed in conjunction with independent advice expert Sue Viskovic, features eight tutorials focused on practice management and aims […]

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Accountants get the short end of the stick – again

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Ever since the accountants’ limited licence regime was introduced, limited licensees have been at a disadvantage compared to full licensees. Red tape is unnecessarily complicated The application process for limited licensees is unnecessarily onerous. Even full licensees have never had to comply with some requirements, such as the need to make multiple declarations about their […]

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Adviser Q&A: Navigating toward the advice practice of tomorrow

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At Zurich, we’ve been partnering with financial advisers for many years to help develop resources and tools, and share best practice thinking to help ensure the continued success of the financial advice profession in Australia. Our research whitepaper, BusinessFIT: Navigating toward the advice practice of tomorrow, is one of the most recent additions to our […]

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Practical, peer-based learning favoured by self-licensed advisers

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According to a survey of self-licensed businesses in the IOOF Alliances network, advisers are looking for practical tools and expertise to gain efficiencies in advice delivery, compliance and client engagement. “Easy to implement client engagement tools are seen as a much-needed resource to engage the modern client” said Andy Marshall, National Manager IOOF Alliances. To […]

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Macquarie opens benchmarking survey to accounting and financial services firms  

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Macquarie has announced the launch of its industry-leading 2017/18 Accounting and Financial Services Benchmarking Survey and is calling on financial planning and accounting firms to participate. The second biannual Accounting and Financial Services Benchmarking Survey is designed to uncover the latest industry trends to help firms benchmark their performance against leaders and identify opportunities for […]

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The real cost of excessive payment surcharges

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On 1 September 2017, new restrictions were introduced that prevent businesses from passing on excessive credit card surcharges to their customers. All merchants who offer credit and debit card payment options to their customers cannot charge ‘excessive costs’ when accepting certain credit and debit cards. These rules apply to Visa, Mastercard and American Express credit […]

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The next strategic evolution for advice firms

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There’s a classic cartoon that shows the way forward for advice firms when it comes to how they must evolve.  It is called “The evolution of an entrepreneur” and even though it is aimed at those starting out, it captures where the advice industry has come from and where it currently sits for the majority. […]

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The top 5 challenges for small businesses and how to overcome them

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More than 60% of small businesses in Australia fail during the first three years of establishment. Research has found that those initial three years are crucial in determining the fate of the business[1]. John Corias, Senior Partner of small business accounting firm m.a.s accountants, shares his take on the top 5 challenges small businesses face […]

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Financial planning demands a lifelong commitment to client service beyond planner retirement says Mentor

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Buyer of Last Resort (BoLR) might be an excellent commercial life raft for the planner, but the subsequent on-sale and distribution of clients as ‘books of business’, are by far the worst possible outcomes for clients, a damning reflection on the planner and immensely damaging to the reputation of the advice industry as a whole said Mentor […]

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Data integrity boosts adviser success

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Ignition Wealth shows you how an XPLAN data clean up can boost your business today. Is data quality affecting your business? “Nobody cares about data quality”, “it’s in the queue”, “can’t justify the costs”, “no need, we have business rules”… are just some of the reasons companies ignore data quality. Unfortunately, many practices only really […]

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