A life insurance advice model, where product issuers pay for consumers to seek independent advice, could be a way forward for the industry as it moves on from the turmoil of the 2018 Royal Commission and regains public trust, according to a senior lawyer.
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We spoke to financial advice industry specialist Nerida Cole from Dixon Advisory about the impacts of COVID-19 on the financial wellbeing of Australians, as well as how the crisis has demonstrated the true value of advice.
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Speakers from the UK, Hong Kong and Sydney joined us for the FSC’s recent under 35s Circuit event on investing and the influence of climate change on global markets.
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End of the financial year is always a busy time for tax managers in financial services. But this year things are substantially harder with the disruption caused by COVID-19.
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Three major fiscal safety nets saved many Australians from economic penury in this pandemic – the taxpayer-funded JobKeeper and JobSeeker schemes, and the superannuation early access scheme.
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A lot has been said about advice businesses experiencing a surge in demand for their services as they support clients through matters relating to early access to superannuation, redundancy, life insurance, pension minimums and more.
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In Part Two of our Future of Advice discussion with Allison Dummett from Matrix Planning, we explore the influence of regulation and technology on the financial advice industry.
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On 1 January 2019, the Modern Slavery Act 2018 (Cth) (Commonwealth Act) commenced, creating a modern slavery reporting requirement for certain companies operating in Australia.
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