Facing up to the aged-care challenge demands innovation and flexibility

Australia’s ageing population is one of the biggest challenges facing the country in the next 20 years.  In its second background paper published in May, the Royal Commission into Aged …

In robo we trust – for our money but not our hearts

A blog published last weekclaimed that almost a third of Australians would be happy to receive financial advice from a robot.  According to the blog’s author, futurist Anders Sorman-Nilsson, the study showed that …

If you build a killer robot, don’t forget the “off” switch

The government recently dismantled a final argument in defence of grandfathered conflicted remuneration when it released regulations providing that from January 1, 2021, conflicted payments can no longer be made …

Four ways financial services providers can support better choices by customers

Freedom of choiceIs what you gotFreedom from choiceIs what you want In ancient Rome there was a poemAbout a dog who found two bonesHe picked at one he licked the otherHe …

Best in Show: Are you on the list?

Over the past few months, both the Superannuation Productivity Commission and the Financial Services Royal Commission have recommended changes to the default super system. If implemented, the changes will weaken …

How well does your licensee support you through the challenges of being an adviser?

There’s one thing we can be sure of as the financial advice industry professionalises and realigns to deliver services in the best interests of consumers: the cost to financial advisers …

The new way of working could be killing our retirement outcomes

It’s the new work order: abandon the shackles of the 9 to 5 in favour of working multiple jobs, for multiple employers. Drive for Uber, take some paid board positions, …

Advice as a business is alive and well; advice as product distribution is not

In the short term, the exit of major financial institutions from the advice industry will cause disruption to advisers, and potentially to clients. But in the long run, it will …

What’s best for superannuation fund members transcends sector labels

Already this year the Productivity Commission has released the final report on its review of the superannuation sector, and the final report of the Royal Commission into Misconduct in the …

Impacts of the royal commission on home lending

“The chief value of trail commissions to the recipient, to put it bluntly, is that they are money for nothing.” Commissioner Kenneth Hayne, Royal Commission into Misconduct in the Banking, …