The FASEA lessons for future privacy reforms
15 Oct 2024 by Laura Dew, Money Management
The advice industry’s experience with the disbanded Financial Adviser Standards and Ethics Authority (FASEA) regime should be a harbinger for any possible enhanced responsibilities for the Office of the Australian Information Commissioner ...
Tweak regulation to make advice profession more family friendly
09 Oct 2024 by Malavika Santhebennur
The FAAA CEO has called for regulation that increases flexibility for advisers who want to take career breaks to raise a family or recover from illnesses.
Risk advice under pressure: Working together for positive change
23 September 2024 by Marc Fabris, Independent Financial Adviser
Adviser Ratings reported that in 2023, just 480 advisers were responsible for writing half of all new business, highlighting a stark concentration of expertise.
Adviser gap contributes to Aussies’ limited life insurance knowledge
18 September 2024 by Shy-ann Arkinstall, Independent Financial Adviser
New data has revealed a sharp decline in new life insurance policies issued, plummeting from 103,000 in 2018 to just 44,000 in 2023, sparking calls for a rethink of how financial advisers could help enhance product penetration and customer...
How are advisers navigating intergenerational wealth transfers?
9 September 2024 by Shy-ann Arkinstall, Independent Financial Adviser
According to data from Adviser Ratings, more than half (52 per cent) of advice clients are planning to transfer at least $200,000 to the next generation.
How can advisers mitigate wealth transfer concerns?
5 September 2024 by Jasmine Siljic, Money Management
Clients are exhibiting a number of concerns on the intergenerational wealth transfer, making it imperative for advisers to address these fears.
Fewer Australian Firms Planning Significant Increases in Adviser Numbers
3 September 2024 by Risk Info
The Australian financial advice industry is showing a trend towards stability in practices’ adviser numbers for 2024, with fewer firms planning significant increases compared to 2023, according to Adviser Ratings.
Advice firms taking a ‘cautious’ approach to growth
23 August 2024 by Shy-ann Arkinstall, ifa
According to Adviser Ratings, a recent survey indicated that 41 per cent of advice businesses are planning on keeping roughly the same number of advisers, up from 37 per cent in 2023.
Strong revenue drives staff growth for advice practices
22 August 2024 by Jasmine Siljic, Money Management
The majority of financial advice practices enjoying revenue growth have intentions to grow their adviser teams, indicating a strong correlation between the two factors.