FASEA releases September exam results

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FASEA has released exam results from the second Financial Adviser Exam held in September 2019. Result highlights include: the exam was held in 8 metropolitan and 7 regional centres across Australia from 19 September to 23 September 1697 advisers sat the exam the exam was subject to ACER’s comprehensive marking approach over 88 percent of […]

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Actuaries Institute says longevity tables need review

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Crucial tables used in software to estimate retirees’ longevity and calculate how best to ensure their savings last, need a critical update, the Actuaries Institute said. The tables have a material impact on the way retirement income strategies and products are evaluated, and currently underestimate longevity. “To have more than a coin-toss chance that a […]

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Actuaries Institute’s simple rule for a happy retirement: spend your age and a little more

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A group of Australian actuaries have devised a simple ‘rule of thumb’ to help retirees work out how much money they should draw out of their savings in retirement. The five actuaries ran a range of complicated equations and dynamic programming calculations to help single retirees who have reached Age Pension eligibility age, and who […]

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Countdown to 2019 FPA Professionals Congress in Melbourne

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The Financial Planning Association of Australia (FPA) is gearing up for the year’s largest gathering of financial planning professionals at the 2019 FPA Congress from 27-29 November, taking place at the Melbourne Convention and Exhibition Centre.  Financial planners from across Australia will come together to discuss the important issues facing the fast-evolving profession as it […]

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FPA announces new appointments to Board

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The Financial Planning Association of Australia (FPA) is pleased to announce Alison Henderson CFP® and David Sharpe CFP® have been re-elected to its Board, and welcomes William Johns CFP® as a new Board member. Ms Henderson and Mr Sharpe will commence their second term on the FPA Board, while Mr Johns, a long-standing member of […]

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Sponsorship announcement International Congress of Actuaries 2022

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The Actuaries Institute Australia is delighted to confirm Reinsurance Group of America, Incorporated (RGA) as the first Platinum Sponsor of the International Congress of Actuaries being held in Sydney, Australia from 3 – 7 April 2022. RGA, one of the largest global life and health reinsurance companies, has been a longstanding supporter of the International […]

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Unlisted property can solve diversification problems for SMSFs: PFA

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More self-managed superannuation funds (SMSFs) could benefit from unlisted property funds to access diverse property investments and avoid becoming overly concentrated in just one or two assets, according to Property Funds Association. ‘Concentration risk’ from a lack of diversification among SMSFs was recently in the spotlight as ATO recently reviewed SMSFs using Limited Recourse Borrowing […]

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FASEA Code of Ethics – less than 50 business days to go and still no consultation

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The Financial Adviser Standards and Ethics Authority (FASEA) has yet to consult with industry, and with less than 50 business days remaining until the Code of Ethics is due to commence FASEA has not consulted with one financial planner[1], according to the Financial Planning Association of Australia (FPA). The FPA called on FASEA in February […]

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Australia’s financial system can be the envy of the world, if we all lean in to promote fairness

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“One of the great shames was that collectively, the Australian financial system didn’t look very hard at the lessons to be learned from the Global Financial Crisis and focus on preventing some of the negative impacts here – there was a lack of proactive leadership, and we must address these now.” These are the words […]

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Awards finalists announced ahead of FPA Professionals Congress

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The Financial Planning Association of Australia (FPA) has revealed the shortlist for all six categories of the 2019 FPA Awards ahead of the presentation at the FPA Professionals Congress in Melbourne. Now in its seventh year, the FPA Awards recognises the achievements of outstanding members who have delivered the highest professional and ethical standards outlined […]

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