Consumers reviewing, renewing and claiming on their policies

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A recent report released by life insurance specialist Brett Wright, has shed some light on the life insurance commission debate, from an advice practitioner and consumer point of view. The report breaks down the “Getting Covered” component of the consumer-adviser relationship and advice process, whilst also digging into the review and renewal of life insurance,... Read more continue reading

What do consumers want and can life insurance survive after a ban of commissions?

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A recent report released by life insurance specialist Brett Wright, has shed some light on the life insurance commission debate, from an advice practitioner and consumer point of view. Life insurance is complex, confusing and people don’t wake up in the morning thinking about why they need to buy it. Life insurance advisers cut through... Read more continue reading

Frontier reviews investment manager culture

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In the face of an ever-increasing wave of issues surrounding culture within funds management businesses leading asset consultancy, Frontier, has put its foot down in terms of its approach to assessing culture within the businesses managing its clients $450 billion in funds. Frontier confirm they have always assessed and considered culture within the context of... Read more continue reading

Are life insurance commissions fuelling Self-Interest or Best Interest?

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A recent report released by life insurance specialist Brett Wright, has shed some light on the life insurance commission debate, from an advice practitioner and consumer point of view. The government, regulators and opposition have continued with their narrative of supporting a ban of life insurance commissions (or potential ban pending an ASIC review). For... Read more continue reading

What’s driving the sale of financial planning practices: a look at the data that tells the story

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Financial services practice broker, Growth Focus, has compiled qualified data over the last three years looking at the reasons financial services practices sell. “Over the last decade, the reasons for selling a financial planning business have been consistent in their frequency with some notable trends developing in the past three years,” says Steven Fine, managing... Read more continue reading

Household Capital 2020 Third Pillar Forum

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Household Capital’s 2020 Third Pillar Forum launched yesterday as an online experience. The online forum includes a live panel discussion and interviews with 27 experts from around the world. The Forum’s live national panel debate was hosted by Ali Moore in the Melbourne studio with Andrew Boal, CEO of Rice Warner and Joshua Funder, CEO... Read more continue reading

‘Imminent risk’: Financial advice practices could fail in new economic environment

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Leading Australian portfolio manager Dynamic Asset Consulting warns that financial advisers are putting their businesses and their clients at serious risk by implementing traditional strategic asset allocation (SAA) portfolios. Sydney-based Dynamic Asset Consulting (DAC) provides end-to-end business solutions for Australian financial advice practices though actively managed discretionary accounts (MDAs). Portfolio manager Dr Jerome Lander said... Read more continue reading

Future of advice is in peril – it can only be assured by understanding past failings

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If the future and well-being of consumers is truly the highest priority of the federal government and financial services industry, then the quality of judgment has to improve and decisions made based on the lessons embedded in the experiences of the past. The future viability of the advice sector is quite literally at the precipice!... Read more continue reading

The new normal for financial advisers: a time for reinforcing empathy and meaningful client connections

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During these unpredictable times, it’s understandable that people are feeling high levels of uncertainty. All aspects of our lives – from health, work and finances to socialising and the way we perform menial tasks – are being impacted in different ways. Financial advisers are in a unique position to help clients realise their aspirations As... Read more continue reading

Post Covid-19 economy inspiring increased M&A activity with financial advisers

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Dennis Tomaras, a partner in eastern seaboard law firm, Cornwalls, believes that Covid-19 will be a significant contributing factor inspiring a wave of merger and acquisition activity in the financial advisory sector. ‘Financial advisers have been exiting the industry in growing numbers over recent years and this is fuelling advice businesses seeking M & A... Read more continue reading