AMP Insights

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Ask anyone on the street if they are confident to compare super funds and you’ll likely have them scratching their heads. For our industry to rebuild trust and become more transparent, we need a better way for all Australians to compare super funds, so they can cut through the ‘noise’. That’s why AMP is welcoming […]

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What’s next for the financial advice Safe Harbour provision?

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The Safe Harbour provision was supposed to provide financial advisers with more certainty in meeting their legal obligation to act in the best interests of their clients. But in the aftermath of the Hayne Royal Commission, the Safe Harbour provision’s days may be numbered. What is the Safe Harbour? More importantly, what isn’t the Safe […]

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New parents feel highest level of financial stress before baby arrives, AMP study shows

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New research from AMP has revealed parents worry more about money in the lead up to having a baby than any other time. The results from the AMP’s Financial Wellness study revealed planning for a baby causes greater financial stress than having a child, with 71 per cent of those expecting a baby in the […]

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Financial advisers risk losing clients if they fail to demonstrate long term value of advice

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Life insurance provider MetLife Australia has released a new report revealing a disconnect between perceptions of cost and value when it comes to insurance and financial advice. Now in its second year, the MetLife Adviser-Client Relationship Report 2019 is the largest quantitative study of its kind and includes insights from consumers and Small to Medium Enterprises (SMEs) […]

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Managing the risk of recovery in financial portfolio transfer transactions

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We’ve recently noticed that both buyers and sellers have heightened concerns about their risks and exposures when transferring financial advice portfolios. Both are looking for different ways to manage their financial risk of recovery. Sellers want to know what their liabilities and obligations to the buyer are and when they will end. While buyers want certainty […]

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CPD: Protecting your most valuable assets

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The clients of a financial advisory practice are arguably its most valuable asset; a failure to protect client data may not only have legal ramifications, it’s also a question of ethics. Failing to provide a safe physical and online environment for sensitive financial information could expose clients to fraud, identify theft and financial loss. Another […]

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Deakin researchers use AI to speed up IOOF customer processes

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Deakin researchers have partnered with financial services provider IOOF to apply artificial intelligence (AI) to the company’s in-house client administrative system – making processing times up to 400 times faster. The project, led by Deakin University’s Applied Artificial Intelligence Institute (A²I²), aims to streamline the handling of hundreds of email queries received by IOOF business […]

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The chance to resign – a poison chalice in dismissal claims

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An employee who is offered the chance to resign by their employer should think long and hard as it may prevent any claim against the employer thereafter no matter how well-placed that claim would otherwise have been. MARGE:     The power plant called and said if you don’t come in tomorrow, don’t bother coming in […]

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Advisers: what do they say when a client asks for Bitcoin in their portfolio?

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Australia’s newest crypto exchange and broker wants to help advisers manage the ‘Bitcoin question’. Mine Digital CEO, Grant Colthup, believes more advised clients will seek to broaden their portfolios to include digital currencies. He is seeing more investors seeking bid prices for buying Bitcoin or one of the other cryptocurrencies. “The Bitcoin/crypto question will start […]

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ASIC research confirms the need for change, says Australian robo advisor

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Leading Australian online investment provider, Six Park, says ASIC’s latest report (Financial Advice: What Consumers Really Think) confirms the need for industry change and showcases the great opportunities that lay ahead. Six Park co-CEO Pat Garrett said the research supported what was already anecdotally known throughout the industry – high fees and low trust are […]

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