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

From

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 […]

continue reading

Labor needs to rethink LRBA ban

From

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 […]

continue reading

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

From

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 […]

continue reading

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

From

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 […]

continue reading

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

From

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 […]

continue reading

Populism and perish

From

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 […]

continue reading

An open letter to Bill Shorten and Scott Morrison on behalf of the Australian small business community

From

Dear Bill and ScoMo, With only a bit over a week to go until the Federal Election, I figured it was an opportune time to write to you both to highlight the issues that are keeping Australia’s small business owners up at night. Whichever of you is victorious at the May election will assume the […]

continue reading

Why Australia should cut the small business tax rate to 20%

From

Australian small businesses are being ripped off by paying one of the highest company tax rates in the world, an international business coach says. While many countries have dramatically cut their corporate tax rates in recent years, the Federal Government continues to force Australian businesses to pay a top corporate tax rate of 30 per […]

continue reading

Proud to be an Adviser – Part five – Anne Graham

From

I’ve always been proud to be an adviser, but it’s now more difficult than ever. Don’t get me wrong, I’m proud of my team and the work we do, but in general terms when I look back over the last 12-18 months there’s not been a lot to be proud of – on the surface […]

continue reading

Proud to be an Adviser – Part four – Adam McCarthy

From

While it may sound clichéd, one of the most rewarding aspects of my job as a financial adviser is getting to hear and see, first-hand, the positive difference financial advice has made on my clients’ lives. Successful financial planning is about forming relationships built on trust. I genuinely care about helping my clients achieve both […]

continue reading