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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Where to now for financial services post Federal election and Hayne Royal Commission?

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Now that we have a new Morrison Federal Government and the implementation of the Hayne Royal Commission (RC) recommendations will be high on the political agenda, what does it mean for the Australian consumer going forward, especially when retirement planning will be so important to the Baby Boomer generation? Firstly, the RC will see many […]

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Financial planner mental health distress – the unintended consequence and the dark side of industry reform

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Mental health distress brought about by industry reform fatigue, constant legislative / regulatory changes and reputational damage of financial services is the unintended consequence that is contributing to many advice practitioners’ decision to terminate their careers and exit the advisory sector. Compounding the situation is government and industry not acknowledging the very real mental health […]

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Populism and perish

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Populism is spreading rapidly and globally, and becoming more aggressive in its implementation and execution. It traverses national borders and can infiltrate all political affiliations. It represents a huge challenge for modern liberal democracies, as the risk of populism is severe political and economic disruption and stagnation. Much has been written on populism over the […]

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