In 1972, this IT’S TIME slogan was used by Gough Whitlam to spearhead the ALP political campaign after 23 years in opposition since the defeat of Ben Chifley in 1949. It was a highly successful strategy. We think this is a symbolic path the Advice community should be taking in Canberra without the ALP reference. […]
Read More
The recent announcement by Platforms/Wraps of the 7.5% increase in the GST due to the input tax credits [RITC] for Adviser fees being no longer eligible to be claimed by Super Funds and platforms will commence from 1/7/2024. This is one of those tax hikes that quietly flies under the radar….but we need to expose […]
Read More
We agree with the FAAA about the CSLR outcome BUT the question is what can we do about it? Being ‘really angry’ in the media means nothing to Politicians, they will spin it that ‘Advisers want to take away a consumer protection mechanism that they are responsible for.’ [see below] This is of course totally […]
Read More
With the Minister’s recent nuptials, the literal meaning of KISS will not apply but we hope the other interpretation does – ‘KEEP IT SIMPLE STUPID’…… Over the past 15 years our industry has been the classic political football where everyone has an opinion and like ‘old tom/tamara’ cats everyone wants to mark their territory. It […]
Read More
A common problematic outcome over the decades for Political parties returning to power after 2 terms or more in Opposition is immediately recruiting staff into their office once they form Government. They have operated on a skeletal staff for 6 – 9 years then face a recruitment strategy crisis amid an expectation to ‘hit the […]
Read More
It is time for the Advice community to flex its considerable political muscle by engaging its clients with the facts around who is paying for the overreaching, inefficient, costly compliance regime and what is responsible for the cost of the escalating risk insurance premiums. It is also time for the Canberra Bureaucrats to realise that […]
Read More
Now that joining Association membership is optional for Financial Advisers, it is important to make a judicious decision with your political and monetary capital. As recent history has demonstrated, the experience can vary between calamitous and advantageous, it simply gets down to the specifics of the organisation and whether that organisation matches your objectives. Associations […]
Read More
JAWG BRANDED TOOTHLESS A WINDOW OF OPPORTUNITY OPENS FOR ADVISERS. The traditional role of ‘fence sitting’ Associations has changed, members are now demanding meaningful action to protect their interests. The next 12 months is a potentially momentous occasion for the Adviser community to capitalise upon. Politicians are always vulnerable leading into the re-election period where […]
Read More
The last frontier of conflicted injustice for consumers and financial advisers may be finally coming to an end with the Regulators now hellbent on holding Superannuation Trustees and Financial Advisers to account for the performance of product Although we do not necessarily agree with the ASIC/APRA methodology with measuring performance, but it is a step […]
Read More
History certainly repeats itself within the Financial Services landscape, but this is a dangerous precedent that should be avoided. Let’s put aside the flaws in the s923A Legislation for a moment and look at how the current push by the Institutional lobby to eliminate the Best Interests duty in favour of a Good Advice concept has […]
Read More