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SOA
Life/Risk
Behavioural economics sits at the heart of the Australian Securities and Investments Commission’s new example statement of advice for life/risk advisers....
Accounting
GPS Wealth has announced the launch of a cloud-based statement of advice tool for accountants, which would produce SOAs for setting up SMSFs, among other functions....
Life/Risk
A recent court case sheds light on the details advisers need to consider when replacing an insurance policy, Col Fullagar writes. ...
Financial planning
After scanning through thousands of Statements of Advice, Katherine Marchant runs through the common mistakes planners make that jeopardise best practice....
Life/Risk
ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...
Life/Risk
Advisers must be extremely diligent about ensuring they fulfill their duty of care, as two recent court cases have shown. David Glen runs through the post-FOFA adviser ch...
Financial planning
Former ASIC officer turned consultant calls for standardised, regulated SOA document....
Financial planning
Australian financial services businesses using overseas staff increase markedly in six months...
Financial planning
Warning that FOFA fee disclosure requirements will create more problems than they fix....
Financial planning
When it comes to fee disclosure statements, advisers need to consider what the regulator wants; what is expected from a legal viewpoint; and how disengaged clients are li...
Financial planning
Hong Kong-based private wealth management company Harris Fraser Group is using the Australian retail advice model to poach high-net-wealth clients from private bankers....
Accounting
With the limited licensing regime for accountants set to begin on 1 July this year, SMSF specialists are weighing up their options....
Superannuation
XPlan is developing a SOA template for four local government superannuation funds....
Tools & guides
The option of using a record of advice has been available to financial advisers for a number of years. Samantha Hills clears confusion as to why planners would use one, w...
Editorial
Financial planning practices often need to use the services of legal professionals. Samantha Hills gives tips on how to find lawyers and work with them to achieve the bes...
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....