Category | Practice Management

Government Proposes Jump in Licence Fee Costs

Financial advisers thinking of setting up shop under their own licence will be forced to pay higher licensing fees from 1 July next year, under new proposals released as part of the industry funding model for ASIC. (more…)

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1 · November 23, 2017 in Compliance & Regulation, Practice Management  

LIF – Have You Changed Your Business Model?

Our latest poll follows up on the 53% of advisers who said, eight months ago, they would be changing their business model because of the Life Insurance Framework reforms. (more…)

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3 · November 21, 2017 in Compliance & Regulation, Polls, Practice Management, Remuneration  

AMP Opens Assessment Tool to Non-aligned Advisers

AMP has released a practice diagnostic tool that measures ‘LIF readiness’ to advisers outside its aligned advice network. (more…)

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0 · November 21, 2017 in Company News, Compliance & Regulation, Practice Management, Training  

Aligned Advice Models Continue to Lose Numbers

Vertically integrated advice groups are losing around 10 per cent of their financial advisers each year with thousands set to move away from that advice channel in the next three years, according to a new consultancy firm. (more…)

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0 · November 6, 2017 in Dealer Groups, Practice Management, Remuneration, Services  

ANZ Wealth Launches LIF Hub For Advisers

ANZ Wealth has launched an online hub to provide advisers with details of how it will handle commissions, clawbacks and policy costs under the Life Insurance Framework. (more…)

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0 · November 2, 2017 in Company News, Practice Management, Services  

Don’t Underestimate Clients on Advice Fees

Advisers can charge a fee for life insurance advice but need to be aware of what it costs to deliver the advice and structure their services accordingly, claims Western Australian adviser, Mark Rando. (more…)

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0 · October 16, 2017 in Associations, Conferences and Events, Practice Management, Remuneration  

AFA Signs Partnership with Map My Plan

The AFA has partnered with robo-advice provider, Map My Plan, to offer a service to advisers to help them attract new clients and build financial literacy among new and existing clients. (more…)

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0 · October 12, 2017 in Associations, Conferences and Events, Practice Management, Services, Technology  

Hybrid Commissions Gaining Ground

Financial advisers are favouring hybrid commission models over level commission or fee for service, and estimate more than half of their revenue will come from that model by 2020, according to Investment Trends. (more…)

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1 · October 10, 2017 in General, Practice Management, Remuneration  

BoLR is Worst Outcome for Clients

Buyer of Last Resort (BoLR) arrangements are the worst possible outcome for clients and a poor reflection on a financial adviser, according to the chair of the Mentor Education Group, Dr Jim Taggart OAM. (more…)

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1 · October 3, 2017 in Practice Management, Practice Marketing  

TAL Offers LIF, Professional Standards Course

TAL has expanded its adviser education offer with a course designed to assist advisers prepare for business changes under the Life Insurance Framework (LIF) and professional standards legislation. Offered via TAL’s Risk Academy, the free one-hour course will cover the LIF and professional standards legislation and a timeline of expected events and what will be […]

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2 · September 28, 2017 in Compliance & Regulation, Practice Management, Training