CPD: Ethics and insurance in financial advice

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In the first article of this ethics series, we examined the broad application of ethics in financial practice. In this second article, the focus is on life insurances and the ethical considerations that are essential when making recommendations to clients. Round five of last year’s Royal Commission into Misconduct in the Banking, Superannuation and Financial […]

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Millennials financially confident but inadequately insured, says MetLife

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The majority of millennials (92%) feel confident about their future financial situation but may be unprepared for the possibility of unemployment due to injury or illness. New research from MetLife reveals that six in ten (63%) millennials without an adviser and five in ten (54%) advised millennials could only maintain their current lifestyle for a […]

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AMP and Griffith University boost support for adviser professionalism

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AMP is funding a research fellowship in financial advice as part of its effort to raise professional standards in the industry and ensure Australians have access to quality advice. Griffith University’s Business School has appointed Ellana Brand to the newly created position of Research Fellow. Ms Brand is a senior analyst with the Reserve Bank of […]

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Proud to be an Adviser – Part four – Adam McCarthy

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While it may sound clichéd, one of the most rewarding aspects of my job as a financial adviser is getting to hear and see, first-hand, the positive difference financial advice has made on my clients’ lives. Successful financial planning is about forming relationships built on trust. I genuinely care about helping my clients achieve both […]

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Statement from Brett Clark, TAL Group CEO and Managing Director

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“Community access to high quality financial advice plays an important role in supporting well-informed customers and the financial wellbeing of many Australian families.  “The sustainability of a financial advice channel that facilitates both choice and good consumer outcomes is critical.  TAL supports a model which delivers good consumer outcomes through a vibrant financial advice sector […]

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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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Proud to be an Adviser – Part three – Eugene Ardino

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Like everyone in the financial planning industry, I watched the Royal Commission with a mixture of dismay and incredulity. I am immensely proud of the industry and what it is seeking to do for all Australians. However, I have become increasingly concerned that the case studies of people being taken advantage of will prevent some […]

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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 GSFM, will examine the adviser’s duty of […]

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