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| | | ... Towards A Retirement Income Philosophy report highlights that retirement planning continues to be the most sought-after advice service, with around 90% Australian advisers focused on servicing individuals between 50 and 60 years of age, namely pre-retirees. ... |
| | | | ... breed of adviser and more recently detail of reforms that will pave the way for regulated institutions to step into the advice space. The whitepaper questioned how consumers will differentiate the new class of adviser, placing urgent onus on the profession ... |
| | | | ... not be suitable for them and may adversely affect their retirement outcomes," ASIC said. The last review in thematic SMSF advice was released in June 2018, and ASIC said this project follows on from what it gathered from that report. ASIC said there ... |
| | | | ... outperform non-advised funds (6.4%) in the same period. "The results indicate that SMSF trustees who received financial advice are associated with funds that reported materially higher investment returns in 2022-23," Mihaylov continued. SMSFA chief executive ... |
| | | | ... Services and Fortum Private Wealth - a role he has held for over seven years. Prior to Entireti, he also held research and advice roles across several organisations, including Sandhurst Trustees, Kapitan Enterprises, Triple C Consulting, and Benney Asset ... |
| | | | A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ... |
| | | | ... class of advisers. "But I reaffirm that we are committed to modernising the best interests duty and reforming statements of advice. Just as we are committed to introducing a new class of adviser that any financial firm can employ to give safe advice," ... |
| | | | ... requirements in relevant financial concepts such as finance, economics or accounting. They will also need to complete financial advice subjects covering ethics, legal and regulatory obligations, consumer behaviour and the financial advice process," he ... |
| | | | ... expanded team of over 30 investment management professionals, adding more experienced portfolio managers with strong financial advice expertise, and specialist resources including strategy-based portfolio design and business support," Smith said. "Working ... |
| | | | ... are women and they have diverse needs as they approach or enter into retirement," Blakey said. "Historically, financial advice has not targeted women, and this needs to change. Often, women discover they have more choices than they initially thought ... |
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