We need to talk some common sense about super

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Economic pain has been on the horizon for some time now, but no one wins in a race to the bottom. There’s no doubt that the remainder of 2020 is going to be particularly tough for Australian businesses and their employees. Until earlier this year, the economy had been slowing for some time. It was […]

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Consumers engulfed in coronavirus ‘circle of fear’ turn to depleted & wounded ranks of planners for help

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As the flattening of the coronavirus curve slowly inches downwards and a glimmer of hope appears on the horizon, it’s appropriate to reflect on the myriad of issues and lessons derived so far from the pandemic, in particular the lack of recognition that is afforded to the role of financial planners. With the ranks mercilessly […]

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The turning point for financial advice in Australia

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The world has shifted. These are tough times and they will affect people differently. Advisers are going to experience their own hardship through this time, but it’s also a big turning point for them. Advisers have been under pressure for the last few years where the industry has been belittled and downtrodden under the weight […]

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Reassure clients by dealing with the now and preparing for the future

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Although many professional advisory businesses are facing a tsunami of unprecedented challenges as a result of the economic impact of the coronavirus, it’s imperative not to lose sight of the fundamentals that begin with reassuring clients. As usual in situations such as this, accountants, financial planners and legal firms found themselves dealing with a deluge […]

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The storm sweeping across financial services

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Uncertainty stokes the flames of fear and that is particularly evident across the financial services sector with daily news of new Coronavirus infections recorded in Australia and other parts of the world. Closing businesses, restricting travel, being told to stay home and perceived mixed messaging has heightened anxiety amongst employees and their families. Talk of […]

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Re-energising business optimism will be the major challenge post Coronavirus

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The Coronavirus (CODVID-19) that is currently impacting the national and global economies is certainly having a significant negative effect on the confidence and optimism of SMEs and business managers said DifferenThinking CEO Dr Zivit Inbar. However, it is only the latest of an ongoing stream of negativity that inundates business world daily with messages of […]

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Govt in denial about industry challenges including unaffordable advice and the need for financial literacy education 

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A year after the Hayne Royal Commission, advice industry commentators continue to debate what the advisory sector will look like going forward.  As the debate rages surveys such as Adviser Ratings, reveal a downward spiral with adviser numbers falling to a four-year low in 2019 and approximately 1,133 practitioners exiting industry in the 4th quarter […]

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2020 an opportune time to refine super system

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Despite maintaining one of the most efficient and progressive retirement savings systems in the world, Australia should heed some lessons from overseas in 2020 if it’s to remain as pre-eminent in the years to come, according to QMV Legal partner, Jonathan Steffanoni. Mr Steffanoni believes the velocity and breadth of change in the superannuation industry […]

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Raiz wants ePayments Code overhauled to level financial services playing field

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Raiz Invest Limited, the largest, mobile-first financial services platform with more than 700,000 sign-ups, is urging an overhaul of the ePayments Code as one critical measure to increasing competition and level the playing field between the established financial players and the emerging Fintech sector. In its detailed submission to the Select Committee on Financial Technology […]

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One year after Hayne: Financial services institution remediation missing major cause of issues

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As the nation’s financial services industry continues to focus on its greatest-ever remediation efforts through 2020, the leaders of many institutions have overlooked one of the most important areas requiring remediation. The boards and leadership of most impacted organisations, including some of the biggest listed companies in the country, are missing remediating the cause of […]

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