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2020 FPA Award winners revealed

Thu, 26 Nov 2020 21:00:15 +0000

Zacary Leeson

The Financial Planning Association of Australia (FPA) has announced the winners of the 2020 FPA Awards.

Now in its eighth year, the FPA Awards recognises exceptional financial planners, paraplanners, university students and FPA Professional Practices from across Australia.

The awards also celebrate the individuals and businesses who go above and beyond to deliver outstanding results for clients and give back to the community.

The winner of the coveted FPA CERTIFIED FINANCIAL PLANNER® Professional of the Year Award is Zacary Leeson CFP® of HPH Solutions in WA. The award acknowledges Zacary’s positive impact on the lives of his clients, as well as his inspirational work in the community through the charity, Leading Youth Forward.

FPA CEO Dante De Gori CFP® said: “Zacary exemplifies our FPA membership as a modern professional financial planner who is client dedicated, university educated and an experienced CFP professional. Zacary’s passion for the value of advice and his confidence shone through his presentation to the FPA Awards judges. He’s an incredible role model for young financial planners.”

The winner of the FPA Professional Practice of the Year Award is WA-based HPH Solutions (WA). The judges commented that the team at HPH Solutions embody the essence of a true FPA Professional Practice and said that the leaders and staff should be congratulated for the valued work they undertake for their new and loyal clients.

Winning the FPA Financial Planner AFP® of the Year Award for 2020 is Nat Daley AFP® of Hard Line Wealth (NSW). The judges noted that Nat demonstrated his premise of health, love and wealth in everything that he does – from the advice he provides his clients to the way he has established and developed his business with his partners.

This year, the FPA introduced a new FPA Advice Innovation Award to recognise members who have automated their advice process or used technology in new ways to engage with clients and/or deliver advice. The inaugural winner of this award is Corey Wastle CFP® of Verse Wealth (VIC). Corey and the team at Verse Wealth foster a culture of continual innovation, an incredible focus on attention to detail and a drive to continuously improve their business by removing inefficiencies and pain points in their advice process.

The FPA Paraplanner of the Year Award was given to Emma Zwaan of Capital Partners Private Wealth Advisers (WA). The judges commented that Emma’s Statement of Advice (SOA) submission showed an ability to adapt the communication style towards the client’s situation and articulate how the client is put in a better position as a result of the advice. Emma also demonstrated technical, research and strategic skills in all areas.

The joint winners of the FPA University Student of the Year Award are Miles Kitt of Charles Sturt University and Anthony White of TAFE NSW. Miles showed an outstanding commitment to academic studies and a wide perspective on current issues, as well as a passion for helping people improve their situation. Anthony served as an officer in the Royal Australian Air Force for many years, and as a part of his counselling responsibilities, he became aware of the impacts that financial stress can have on individuals. Now a veteran, Anthony is focused on becoming a financial planner and supporting wounded veterans through the Department of Veteran Affairs system, entitlements process, and Military Super program, as they enter civilian life.

The winner of the FPA Community Service Award supported by the Future2 Foundation is Shane Hayes of Family Aged Care Advocates (NSW). The judging panel said that Shane’s dedication to the profession and his support of the Future2 Foundation is inspirational. Shane displays an amazing amount of humility and passion when he speaks of how our profession can make a difference to everyday Australians.

The FPA gratefully acknowledges the time and expertise provided by the 2020 FPA judging panel:

Mark Alexander CFP®
Naomi Alletson AFP®
Vicky Ampoulos
David Andrew AFP®
Jason Andriessen CFP®
Jason Andriessen AFP®
Marisa Broome CFP®
Diana Burgarcic
Susie Erratt CFP®
Giles Gunesekera
Andrew Harris CFP®
Alison Henderson CFP®
Fran Hughes CFP®
Fraser Jack
William Johns CFP®
Gary Jones AFP®
Todd Kennedy CFP®
Andy Marshall
Ben Marshan CFP®
Mark O’Toole CFP®
Anne Palmer
David Sharpe CFP®
Michelle Tate-Lovery CFP®
Sharon Taylor
Phillip Win CFP®.

Photographs and a video reel featuring the 2020 FPA Award winners are available on the FPA website visit

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Early access not so super for women

Mon, 08 Jun 2020 21:55:52 +0000

Fran Hughes

The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth explores the reasons why a super withdrawal at this time could leave women financially vulnerable.

The Australian Government’s early access to superannuation scheme has seen 1.63m Australians^[1] raid their retirement savings to cushion the financial blow of the COVID-19 economic fallout. The scheme, which allows a withdrawal of up to $20,000 over two financial years from April to September 2020, has recorded an average draw down of $7,476 per person^[2] in the first tranche. According to analysis from AMP, 21 per cent of women have already withdrawn their super balances, compared with 17 per cent of men^[3].

A recent report released by the Australian Prudential Regulation Authority (APRA)^[4] reveals the top four superannuation funds with the highest number of withdrawal applications were Australian Super, Hostplus, Sunsuper and the Retail Employees Super. These funds represent the highest proportion of members that work in hospitality, tourism, recreation, sport and retail, and paints a bleak picture of the industries most affected. Given that women represent more than 55 per cent of employees^[5] in these sectors, a withdrawal of $20,000 could seriously undermine future financial security for women taking up the scheme.

Here are 5 reasons why:

1. Mind the gap

Recent figures from the Australian Bureau of Statistics (ABS)^[6], found the average superannuation balance for women aged 25 to 34 was $33,200, aged 35 to 44 is $69,300, and aged 45 to 54 estimated at $129,100. A withdrawal of $20,000 could potentially mean a reduction from $33,200 to $13,200, which is a 60% reduction in her superannuation balance. Given that women retire with an average of 40 per cent less superannuation[7] then men, this withdrawal leaves a sinkhole in her retirement savings and further widens the gap.

Industry Super Australia (ISA) calculated that the financial gap from now to retirement equated to $120,000 for a 25-year-old woman who accessed $20,000 of her super, while a 30-year-old would stand to lose out on $100,000, and a 40-year old $63,000. When compared to the average balance of a 65 year-old female’s superannuation at $245,100, you realise the extent of the damage.

2. Playing catch up

You may be thinking, ‘I’ll play catch up and make up the amount down the track’. We recognize that for some, covering the rent or loan repayments now takes priority over their future retirement. However, to recoup the equivalent of $10,000 back into superannuation requires an annual salary of $123,839 paying 9.5 per cent per annum in superannuation guarantee contributions. According to the ABS, the average weekly earnings for a female is $1,508.50 (or $78,442 per annum), which falls short of the six figure income required to replenish the shortfall.

3. Broken working patterns

Perhaps the thought of working extra hours has crossed your mind. Here is a sobering thought. A report from the Association of Superannuation Funds of Australia (ASFA) on Women’s Economic Security in Retirement found that women are more likely than men to be working longer in a part-time capacity. This figure rises to 61% for women who care for family, stay-at-home mums, take a career break to study or are unable to find suitable full-time employment. The report goes on to say that the broken working patterns adversely affect a woman’s security in retirement.

4. Locking in losses

Chances are, your super is invested in a ‘balanced’ option. The average balanced portfolio has lost 10-12 per cent in the last month, underpinned by sharp falls in equity markets. A withdrawal now could potentially mean that you are withdrawing an amount of $20,000 that would otherwise be valued at $22,727, crystalizing a loss of $2,727, that should have been working for you within your superannuation.

5. Loss of insurance cover

A sizeable withdrawal of $20,000 from your super, combined with regular fund fees and insurance premiums, added to a break in working patterns, could push your account balance below $6,000, leaving you vulnerable to automatic cancellation of insurances within super. According to a report by Lifewise, with 95 per cent of Australians underinsured, you’d want to be sure to hang on to this valuable safety net.

Understandably for some, there may be no other option to keep the household finances afloat during these times, however, it should be considered as the very last resort.

By Fran Hughes CFP, Head of Financial Solutions, Nexia Perth and Chapter Chair (WA) of Financial Planning Association.

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[1] APRA COVID-19 Early Release Scheme Issue 5, 1 June 2020
[2] APRA COVID-19 Early Release Scheme Issue 5, 1 June 2020
[3] Financial Standard, Super release widens gender gap: AMP, Ally Selby, 29 May 2020
[4] Source: covid-19 early release scheme, 11 May 2020, Australian Prudential Regulation Authority.
[5] Australian Bureau of Statistics, 6291.0.55.003 Labour force, detailed, quarterly, Feb 2019
[6] Source: Household Income and Wealth Australia, 2017-2018, Australian Bureau of Statistics.
[7] Workplace Gender Equality Agency, Women’s economic security in retirement insight paper, February 2020

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