Editor's Choice
The 'blind spot' costing advisers nearly $10bn: Research
Research from Elemnta indicates financial advisers do not realise they are expending nearly twice as much effort on non-advised operations, highlighting a perception gap and challenges related to data collection and access, which cost 6000 practices about $9.36 billion in "destroyed enterprise value".
Canadian pension giant takes 20% stake in La Trobe
Canadian public pension fund OMERS has taken a minority stake of nearly 20% in La Trobe Financial from Brookfield.
ASIC issues another stop order for private credit fund
ASIC has issued an interim stop order on the Murdoch Clarke Mortgage Fund, issued by Murdoch Clarke Mortgage Management, prohibiting it from offering, issuing, selling or transferring interests in the fund.
Inheritors struggle to act on financial advice: Survey
Australia's wealthy inheritors are making major financial decisions before they feel ready, with new research highlighting a gap between receiving professional advice and having the confidence to act on it.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.







Sadly, more people "on track for a comfortable retirement" can only mean greater increases to the cost of living. Nothing has changed. Only by doing MORE than what most people are doing to save for the future, can anyone expect to have a higher standard of living in retirement than others who are relying on the minimum standard. This article ignores the reality that the cost of goods and services are always determined as much by what the customers can afford to pay as they are by the cost of production. Prices will inevitably increase to cancel out the benefit of increases to the minimum retirement savings. Taxpayer funded pensions will therefore remain a large factor in future Govt budgets to defend those on the minimum standard (whatever level it has reached) from falling further behind.