financial planning

Financial planning

Orphan clients create opportunities for planners

The avalanche of financial planning changes in the last year has left institutions with more orphan clients than real clients, a veteran adviser believes. ...

Financial planning

Advice industry fragmentation looming, says lawyer

As the big banks move their focus away from advice, financial planners will most likely return to the non-aligned space, lawyer says....

Financial planning

Advisers risk losing clients

Almost a third of advised Australians last heard from their financial planner more than a year ago, which puts them “at risk” of switching, a report says....

Financial planning

Mortgage brokers 10 years behind advisers, says exec

While the financial advice industry remains subject to much surveillance and scrutiny, the regulators are 10 years behind in bringing mortgage brokers to task, some claim...

Financial planning

Non-aligned planners should not emulate institutions for service offering

Non-aligned planners can vertically integrate but not by using current business models....

Financial planning

Tailor MDAs for every client: adviser

Managed discretionary accounts (MDAs) should be customised for individual clients, both to manage diverse expectations and meet new regulatory guidelines, an adviser says...

Financial planning

Traditional planning software not up to scaled advice

Planners are losing opportunities to offer scaled advice at lower costs by using traditional modelling software....

Financial planning

FPA to continue push for TASA changes

The Financial Planning Association (FPA) will push for more realistic standards and reforms under the Tax Advisers Services Act (TASA) in the new year, including tax-dedu...

Financial planning

New systems needed to traverse aged care changes

Financial planners will need to spend a considerable amount of time building new models to help their clients navigate incoming aged care legislation, according to an ins...

Life/Risk

Insurance premium disparities cause problems

Disparities between the premiums on inforce and new risk products causing problems....

Financial planning

Focus remains on ASIC as Senate submissions climb

Consumer-dominated submissions reflect lack of confidence in watchdog. ...

Financial planning

Planners should encourage healthy lifestyle

In order to ensure their clients are able to fund their own retirement, planners have the responsibility to actively encourage a healthy lifestyle, according to a financi...