Call for action for licensees to improve compliance practices; Tighter anti-hawking laws urged against ‘dodgy advisers’

Licensees are being urged to be more flexible with their compliance obligations as advisers say they have lost sight of how the rules actually work.

Tighter legislation is being urged around anti-hawking laws to prevent “dodgy advisers” from scamming consumers to switch superannuation funds.

According to IML’s Mike O’Neill higher for longer inflation is making retirement planning harder.

As the FAAA and FSC prepare to appear before the Senate economics committee today to discuss the QAR, the date coincides with one year since the government published its first formal response.

With financial advice firms exploring four-day work weeks, 65 per cent of employees say they would be happy to work extended hours over four days with the finding transcending all generations.

The investment appetite for private markets climbs higher as 70 per cent of advisers say they plan to raise clients’ allocations to the asset class and adviser education strengthens.

The secular backdrop for the next five years invites advisers to reverse the typical 60/40 per cent equity and bond asset allocations in portfolios, according to PIMCO fixed income experts.

There are multiple reasons for advisers to consider an allocation to gold when building client portfolios beyond its diversification purposes, writes Jean-Baptiste Berthon.