SMSF sector loses out under new industry education & professional standards

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Although he welcomes the financial service sector’s education and professional standards introduced into Parliament last year, industry consultant and former planner John Wiseman says the new changes have overlooked a gaping need for similar compulsory academic and professional requirements for SMSF trustees. Commenting further, John Wiseman said with nearly 30% of Australia’s $2.1trillion of superannuation […]

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A Final Word on Trowbridge

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A Final Word on Trowbridge LIF is upon us, and a retrospective gnashing and wailing is not particularly helpful. But it should serve as a warning for the future – as Santyana observed: “Those who do not remember the past are condemned to repeat it”. The publication of the Trowbridge Report in Australia contained proposals […]

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CER – Comparative Emerging Regulations

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Since FSRA hit the market in 2004, NZ observers have been watching the progress and developments of the post-regulatory experience in the financial services industry in Australia. With the introduction of the Financial Advisers Act 2008, New Zealand took the first steps toward the regulation of the behaviour and practices of investment and life insurance […]

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Political revolution hits America

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Much like the BREXIT vote, which seemed doomed at the end by the assassination of a key “Remain” politician that was deemed to make many “Leave” voters think their movement was hopelessly stained, Americans surprised the consensus with an anti-establishment vote, in particular by disagreeing with Clinton’s policies and with the FBI’s leadership’s view that […]

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The joy in saying “No”

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Recently I made a change to a much smaller company after working with large national and multinational organisations for over 25 years. For as long as I can remember in those companies my days were almost entirely filled with meetings. Some were what I’d call productive and others were those corporate meetings and conference calls […]

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Futureproofing your retirement strategy

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There are two career events that can trigger acute anxiety: redundancy and retirement. While redundancy can bring with it some major challenges that shouldn’t be underestimated, these are invariably short term in nature occurring while we are looking for the next career opportunity. Retirement however marks a permanent shift in our lives and unless we […]

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What ASIC, grappling with the lawless state of Australian robo advice, must learn from the driverless car industry

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As global tech heavyweights Google and Apple, along with emerging automotive brand Tesla and even global taxi industry disrupter Uber vie for dominance in the fast developing ‘driverless car’ space, the relevant legislators have struggled to keep pace with those persistent software developers. Perhaps spurred on by the first death of a motorist who placed […]

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Conscious uncoupling…is this a sign of the times?

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Another institutional licensee is exiting the advice industry, with the BankWest salaried advice division due to close its doors in a few months. This comes off Suncorp exiting its advice business in 2015. Rod Bristow, Managing Director and CEO of the Infocus Group, said “This is an emerging trend within institutional licensees. It seems to […]

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10 things you can do to build a better network

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The old saying “It’s not what you know – but who you know” is still relevant today. While career success isn’t solely determined by your network, there’s no doubt that a strong and sustainable network is a key influencing factor. Financial advisors who want to grow their career and practice need to look to build […]

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Why ROBO advice is more human than you think

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Let’s define ROBO. artificial intelligence (ai) ROBO is the creation of intelligent machines that work and react like humans. It’s computer science that incorporates knowledge, reasoning, problem solving, perception, learning and the ability to manipulate. Computers can only act or react like humans if they have an abundance of information relating to the world. Let’s […]

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