Professional Planner | Inspiring Advice
WEB4 days ago · A little-known administrative hurdle is prohibiting tens of thousands of poorer Australians from accessing account-based pensions via the country's biggest super funds. Aleks Vickovich writes this seemingly widespread practice is shameful and threatens the grand bargain underlying compulsory super. Aleks Vickovich September 19, 2024.
Cost of living pressures put focus on quality advice offerings
WEB6 hours ago · The cost-of-living crisis is having a number of observable effects on the behaviour of fund members nearing retirement, including an increasing propensity for them to delay retirement to build up their savings. NGS Super chief executive Natalie Previtera says another phenomenon is beginning to emerge, namely, an increasing incidence of retired members returning to work, fearful that the rising ...
About Us - Professional Planner
WEBProfessional Planner is the leading publication for financial planners who are committed to raising the industry’s standards of behaviour and competence while striving to achieve professional status. As the industry moves towards adopting professional standards, spearheaded by the Financial Adviser Standards and Ethics Authority, Professional ...
FAAA announces finalists for annual awards - Professional Planner
WEB11 hours ago · Professional Planner is the leading voice for financial planners where they can learn about industry standards, get news, information, debate and develop new ideas.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation.
Managed accounts present further research needs
WEB6 hours ago · IMAP and Milliman released the latest managed account census data this week, which found there was $205.56 billion in funds under management as of 30 June 2024, a 27 per cent increase from $161.7 billion the prior year. Potter said the increased take-up in the adoption of managed accounts has been driven by how advice is being transformed as it ...
Investment - Professional Planner
WEBSep 12, 2024 · Vanguard Australia has been fined $12.9 million for making misleading claims about the ESG screening for its Ethically Conscious Global Aggregate Bond fund. The judge in a case brought by ASIC noted that almost three-quarters of the securities in the fund by market value had not been researched or screened against ESG criteria.
Retirement - Professional Planner
WEBSep 16, 2024 · Super Consumers Australia has criticised the super industry’s poor delivery of retirement calculators for members, saying many would be better off relying on the one provided by ASIC’s Moneysmart. The consumer advocacy organisation has called on the government to take responsibility and provide access to quality, independent information ...
Inside the professional year - Professional Planner
WEBSep 14, 2022 · Inside the professional year. A person training to provide financial advice must complete a professional year before they are fully qualified. To the uninitiated, the process can be a complex landscape involving 1,600 hours of structured quarter-by-quarter training under the watchful eye of a supervisor. Fourth Line chief operating officer Joel ...
On Practice - Professional Planner
WEBSep 23, 2024 · Quantum computing makes trusted advice even more important. The emerging field of quantum computing will help financial advisers more accurately predict how long someone’s retirement savings will last and offer a pathway to delivering hyper-personalised financial advice. But for now, it’s still a technology still in its infancy.
The 500k gap between the best and the average
WEBResearch by Iress has identified a $550,000 profit margin gap between the “average” and the “best” advice practices. The Advice 2030: The Big Shift report, published in collaboration with Deloitte, found “high performing” businesses have a 15 percentage point higher profit margin than the “average” practice, which equates to $549,646 more annual profit.