Financial planning practices can excel in the new era of advice – but growth must be the focus

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Generally speaking, boutique financial planning practices can excel and prosper in the new era of advice, however the rules have changed and standing still or staying small, is no longer an option. Growth, whether in terms of profit, expansion or market share is an imperative if financial planning businesses are serious about the future.  It […]

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Return of the mutual model needed for an industry that has lost focus & sense of purpose 

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Although it’s impossible to undo the failures of history, there is hope for the future of financial services with a modern-day adaption of the mutual life insurance model to restore much-needed certainty, trust and confidence to the insurance sector. For nearly 150 years the financial services industry in Australia prospered immensely from the life insurance […]

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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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Government accelerates decline of planners and accountants – economy employment and consumers suffer 

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The growing calls for government to stop interfering, over-regulating and irreparably harming the important financial planning and accounting sectors continues to fall on deaf ears with the economy, employment and consumers equal losers. Planners and accountants could accept the decline in their livelihood if it was the result of new technologies, outsourcing, overseas competition or […]

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Creating a sustainable future: Grameen’s model is not a hand-out, but a hand-up

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An executive high-flyer who spent her first years on the poverty-stricken streets of Manila has told how she walked away from corporate life – as she felt like a fraud. Though Kat Dunn, who will be speaking at The BFO Crossroads Conference next month next month, is now back – this time a chief executive. […]

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The Banking and Finance Royal Commission: Will this time be different?

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The imputations of Commissioner Kenneth Hayne’s final report on the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry were blistering. The Banking and Finance industry are led and staffed by the greedy who are more than willing and able to exploit the needy. The industries’ systems are fine-tuned to measure profit – […]

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To the young people of banking and finance: Please seize the opportunity and break the shackles of conformity

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To my mind, Kenneth Hayne was to the banking and finance industry what a building surveyor is to a rickety house. He ripped off the gleaming cladding to reveal cracked foundations, some rotten beams and a few broken tiles that let in the rain. But he did more. He also afforded us a glimpse of […]

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When life and misunderstanding get in the way of taking out life insurance

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Royal Commissions, inquiries and investigations have resulted in scores of negative headlines about the financial services industry. While the tide is starting to turn and the industry seeks to rebuild trust, it would still be reasonable to think that, as a new life insurance company, customer distrust would be the biggest battle we, and the […]

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Labor needs to rethink LRBA ban

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The Labor Party has been urged to rethink its policy of banning Limited Recourse Borrowing Arrangements (LRBAs) in the wake of its electoral defeat on 18 May. Jonathan Street, CEO of the specialist commercial and SME property lender Thinktank, says banning LRBAs was always a “blunt instrument” for cleaning up that small element of the […]

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The ‘safe harbour’ law is failing to protect Evans Dixon investors. What does this conflict mean for others?

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A feature in the recent AFR highlights the failure of the Hayne Royal Commission to address the loopholes in the ‘Safe Harbour’ law. Criticism of Evans Dixon’s heavy promotion of its own URF (US Masters Residential Property Fund) to its clients, as well as their reliance on the fund, which accounts for 67% of Dixon’s total group revenues, is currently gathering […]

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