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Showing 1 - 10 of 63 results for "Retirement advice"

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... irreversible impact on the client's overall financial position. The FAAA recommends that transition to retirement and retirement advice be explicitly excluded from any definition of simple advice," it said. The association also called for allowing professional ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... financial services Stephen Jones has ruled out talk that the new class of adviser could provide holistic personal retirement advice and acknowledged the need to reform the Compensation Scheme of Last Resort (CSLR) during a post-budget briefing with the ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... draft legislation is that it appears to give super trustees the ability to collectively charge for comprehensive retirement advice," Abood said. Abood said, "this is concerning on many levels," warning the cost of collectively charged retirement advice ...

Shift needed in retirement income advice: Allianz Retire+

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... shifting focus to advisers' philosophies, Allianz Australia Life Insurance chief executive Adrian Stewart said retirement advice holds inherent "complexities and emotional challenges". "If advisers are to continue to play their central role in facilitating ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... Income Covenant. Top-10 status should be granted only to funds that have a proven record of providing useful retirement advice and guidance to their members. That is, funds that are taking seriously their obligations under the Covenant." The second recommendation ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... association said it is also curious about how the scope of advice of the new class will play out in relation to retirement advice and will interact with the Sole Purpose Test. In addition, the second tranche also includes the modernised best interests ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
... that will impact their businesses. Two major trends advisers must be cognisant of is the increased demand for retirement advice and assistance with the significant intergenerational wealth transfer. John O'Mahoney, a partner at Deloitte Access Economics ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Financial advisers in the UK are being asked to examine their processes when providing retirement income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
Reforms underway to expand financial advice will have positive ramifications for the SMSF and APRA-regulated sectors as it will ultimately uplift outcomes in the retirement phase for all Australians, industry experts say. The first day of the annual ...

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
Longevity risk, a greying population, and the proliferation of retirement income products are forcing financial advisers to be better equipped in navigating a landscape that is becoming increasingly more complex, an industry expert says. Optimum Pensions ...
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