Everything from Connect Financial Services Brokers
From Connect Financial Services Brokers
Financial literacy is a core life skill that needs to be taught as a compulsory topic in Australian schools. Although not a new idea, the basics will go a long way to helping future generations make better and more informed decisions that will ultimately be to their long-term personal and professional betterment. In fact, the
If the future and well-being of consumers is truly the highest priority of the federal government and financial services industry, then the quality of judgment has to improve and decisions made based on the lessons embedded in the experiences of the past. The future viability of the advice sector is quite literally at the precipice!
A year after the Hayne Royal Commission, advice industry commentators continue to debate what the advisory sector will look like going forward. As the debate rages surveys such as Adviser Ratings, reveal a downward spiral with adviser numbers falling to a four-year low in 2019 and approximately 1,133 practitioners exiting industry in the 4th quarter
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
The recently released Productivity Commission review of the Australian superannuation industry was written to address political issues with a total disregard for the best interest of members in superannuation funds. I have worked in the superannuation and investment industry for over 40 years and its ‘Common Sense 101’ NOT to engage in picking winners. Picking fund performance
As the federal government, Royal Commission and FASEA continue to reshape the industry and fuel many predictions and much speculation, it’s imperative to take time out to seriously consider the future as the ramifications are so immense. The industry has seen constant change over the past 30 years which started when Paul Keating created the
As the fallout and ramifications of Dover Financial Advisers (Dover) demise continue to reverberate following the group’s decision to hand back its AFSL and it has exposed the immense flaws in the Australian licensing regime. It clearly highlights how the current structure favours large institutions and not the advisers and their clients. Not only are
As the Royal Commission into the Banking, Superannuation & Financial Services Industry gets underway Connect Financial Service Brokers (Connect) CEO Paul Tynan said he expects an acknowledgement of the fundamental issues when you combine banking and advice services. Commenting further Paul Tynan said, “The essential difference is that banking has a short-term time horizon and
Whether it be the start of a new financial or calendar year, the issues confronting the financial services industry, especially the advice sector, are all the same and actually increasing and intensifying with the vacuum of leadership and direction so clearly evident said Connect Financial Service Brokers CEO Paul Tynan. Commenting further, Paul Tynan said
Mature age accountants and financial planners are continuing to defer the sale of their practices in the erroneous expectation that their business will attract a higher price amongst a growing pool of prospective buyers said Connect Financial Service Brokers (Connect) founder Paul Tynan. Commenting further, Paul Tynan confirmed that over the summer break, he had
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