Synchron: Make LIF improvements work

From

Synchron Director Don Trapnell said that while the amendments to the Life Insurance Framework (LIF) announced last Friday will not satisfy everyone, they do represent a significant improvement on the original and should be embraced by all parties. “Now that the Government has spoken, all parties – the Association of Financial Advisers (AFA), the Financial […]

continue reading

Gerry Porter wins Michael Murphy Award

From

Synchron’s Queensland state manager and industry stalwart Gerry Porter was last week presented with the AFA’s prestigious Michael Murphy Award (the Award) at the AFA 2015 National Adviser Conference in Cairns, for his unwavering service and contribution to the financial advice community. Synchron Director Don Trapnell said “We are proud of the contribution Gerry Porter […]

continue reading

Synchron appoints Jason Milosevski as Victorian State Manager

From

Leading financial advice licensee, Synchron, has announced the appointment of Jason Milosevski to the role of Victorian State Manager. Synchron Director Don Trapnell said, “Since the untimely passing of Synchron Director, Paul Riegelhuth, Victoria has been managed in-house by fellow Director, John Prossor and myself, however as we enter a growth phase for Victoria it […]

continue reading

Portfolio responsibilities offer big picture perspective

From

Synchron has applauded the changes in ministerial responsibility announced in Canberra and in particular is delighted that the Small Business and Assistant Treasurer (and therefore Financial Services) ministries have been brought into one under the Hon. Kelly O’Dwyer, MP. “One of the biggest challenges facing our industry under the Life Insurance Framework reforms was helping […]

continue reading

Synchron: Lobby for clawback change

From

Synchron is calling on the advice community to lobby for change to the clawback provisions of the Life Insurance Framework (LIF). Director Don Trapnell said that while a fresh appraisal may be possible under a new Minister, until the Cabinet reshuffle has been announced and the Minister has had the opportunity to evaluate the LIF, […]

continue reading

Synchron expects growth in its adviser numbers

From

Despite the challenges presented by the introduction of the Life Insurance Framework (LIF), Synchron is expecting an increase in its adviser numbers by the end of the year. “We believe the catalyst will be that more advisers will be looking for non-institutional homes,” said Synchron director, Don Trapnell. “Synchron has a close connection with its […]

continue reading

Clawbacks not the only cure

From

Clawback provisions outlined in the Life Insurance Framework announced last week are too tough on advisers, says Synchron Director, Don Trapnell and while they will remove the perception of churn, they are not the only cure. “We have not seen any significant statistical data that convinces us that a culture of churn exists in the […]

continue reading

Synchron leads the way forward after Trowbridge

From

Pre-empting the push from Assistant Treasurer Josh Frydenburg for the industry to fix itself, Synchron has taken practical steps to resolve the adviser remuneration issue by designing an innovative product structure. Synchron director, Don Trapnell, said Synchron’s recent fact-finding mission to the UK provided the inspiration for the solution. “We noticed that in the UK, […]

continue reading

Work harder to attract young advisers

From

With a large number of advisers leaving the industry and fewer choosing to specialize in risk, Synchron Director, Don Trapnell, says the industry needs to make the profession more appealing to younger players. “We recognized, quite early on that Synchron’s adviser force was ageing,” he says. “At that time, we made a decision to make […]

continue reading

Separate Risk Specialist from Financial Planner

From

The disciplines of financial planning and risk advice should be separated, as no one person can excel at both, according to Synchron Director, Don Trapnell. “I know outstanding financial planners who give very good risk advice and I know exceptional risk advisers who give very good financial planning advice,” he says. “But they are either […]

continue reading