Retirement’s two phases creates new service needs

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The needs of baby boomers as they transition to retirement could be taking the financial services sector’s attention away from the needs of another age group increasing in size and importance – elderly retirees, Mr Phil Galagher, head of wealth management at Equity Trustees Limited, suggests. “We have to start thinking in terms of the

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Number of factors in fiducial responsibility

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Ensuring they act according to the highest levels of care and duty towards clients is not just a regulatory requirement for financial planners today, it is also sensible risk management for both their clients and themselves. Mr Harvey Kalman, head of corporate fiduciary and financial services at Equity Trustees Limited (EQT), said that this view

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Retirement can lead to a feeling of abandonment

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It is increasingly recognised that the need for financial advice grows rather than declines in retirement. Yet many baby boomers will find that their financial adviser will also retire at around the same time they do, and won’t be around to give them the additional help they will need during their  retirement, warns Mr Phil Galagher,

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Focus on investor compensation overlooks protection

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Events such as the recent Trio compensation debate and last week’s release of ASIC research findings on the effects on investors of lack of compensation suggest that prevention and protection is being overlooked. Mr Harvey Kalman of Equity Trustees Ltd says he is concerned that, in the debate over compensation and the reports of the

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SMSF may be unhealthy if over-exposed

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Reports about severe problems caused to some self-managed superannuation fund (SMSF) members by the lack of government compensation for SMSFs that invested in Trio funds such as the Astarra Strategic Fund suggest that some SMSF trustees are putting too many eggs in too few baskets, says Mr Phil Galagher, head of wealth management at Equity

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EQT appoints new head of wealth management business

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Continuing the strategy of strengthening and reorganising operations, Mr Robin Burns, managing director of Equity Trustees Limited (EQT), has announced the appointment of Mr Philip Galagher as head of its private clients wealth management business. Mr Galagher joined EQT as head of marketing late last year and he will continue in this role, in addition

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