Grandfathered commission debate needs to be fair and balanced
The ramifications of banning grandfathered commission retrospectively and resultant loss of faith and confidence in the financial services industry, institutions and government is a cost far greater than any benefit derived from this action.
Dover’s demise – consumers & advisers abandoned
As the fallout and ramifications of Dover Financial Advisers (Dover) demise continue to reverberate following the group’s decision to hand back its AFSL and it has exposed the immense flaws in the Australian licensing regime.
It’s time to ask where is the financial services industry and planning profession going
As the federal government, Royal Commission and FASEA continue to reshape the industry and fuel many predictions and much speculation, it’s imperative to take time out to seriously consider the future as the ramifications are so immense.
Picking Superannuation Winners is A ‘Political’ Solution
The recently released Productivity Commission review of the Australian superannuation industry was written to address political issues with a total disregard for the best interest of members in superannuation funds.
Future of advice is in peril – it can only be assured by understanding past failings
I have produced the following commentary out of genuine concern for the future of the financial services advisory sector. At present, the outlook for advice sector is dark and uncertain. However, there is still time to reverse the failings of the past and ensure a viable future for advisers with the consumer the ultimate beneficiary […]
Malaysia & SE Asia could provide workable life solutions for retirees impacted by new Assets Test
Retirees could find a comfortable retirement in moving to South East Asia if they are affected by the Age Pension assets test on 1 January, 2017, a financial services executive believes. Paul Tynan December 14, 2016 www.connectfsb.com.au Connect Financial Services Brokers chief executive, Paul Tynan, said if a solution to the assets test did not […]
Institutional financial planning business model is dead – what about the future?
Banks and other financial institutions have lacked the hands-on advice experience necessary to make wealth management work for them, according to Connect Financial Services Brokers chief executive, Paul Tynan. Paul Tynan December 8, 2016 www.connectfsb.com.au Pointing to the number of institutions seeking to exit some of their ownership of financial planning in Australia, Tynan said […]
Accounting and planning sectors losing the War for talent – new business models emerging in response
I have observed that both the professional services sectors of the accounting and financial planning industries are facing similar challenges with operational and ownership models being challenged in the modern era to firstly attract new entrants and secondly to entice them into becoming self-employed business owner entrepreneurs. Paul Tynan October 3, 2016 www.connectfsb.com.au Connect Financial […]
Mature accountants and planners exiting industry
There is a disturbing and growing trend of mature age accountants and financial planners putting their businesses on the market in a last minute hope for a quick sale as the result of personal and financial health issues and then having to accept ‘fire sale’ prices for their lifetime of work and endeavour.