On 2 May 2023 Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones transmitted a joint media release detailing important changes to the way that super is paid by employers and received by employees. As the statement professed, “The Albanese Government is committed to strengthening the superannuation system so that it is equitable, sustainable and delivers […]
Archives for May 2023
New fraternity for aspiring planners seeks to build paths into field
SIPP firm backs Mental Health Awareness Week
Manchester SIPP provider iPensions Group is backing this week’s Mental Health Awareness Week with a series of events, workshops and sessions. Staff are competing with colleagues from different offices in a step marathon (Stepathon), to encourage an active lifestyle. The two-week Stepathon is already under way across the company – which also has office in Edinburgh – […]
Why ChatGPT Is No Threat To Real Advisors
The financial advisory industry has faced many purported technological ‘threats’ over the past several decades. From the introduction of computers to the rise of the internet to the emergence of ‘robo-advisors’, there has been no shortage of innovations that would allegedly reduce the need for consumers to work with (human) financial advisors. But in reality, […]
Aotearoa New Zealand’s $7.8 billion digitalisation opportunity
When it comes to productivity, it’s no secret Aotearoa New Zealand lags heavily behind our OECD counterparts. In fact, our recent research shows Kiwis would need to work 20 percent more to reach the average OECD GDP output. For Kiwis working a 40-hour work week, this is equivalent to working an extra day per week […]
Orion launches ChatGPT Integration as Morgan Stanley investors hype advisor AI: Wealthtech Weekly
FINRA, citing Reg BI, expels New York brokerage
Weekend Reading For Financial Planners (May 13-14)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service. The study also highlighted the importance of advisors taking the time […]
Editor’s Comment: It’s a family affair – but a costly one
One of the most extraordinary statistics this week revealed that one in four advised clients are currently helping adult children financially. The survey, by Royal London, did not gives us much more detail on why but the cost of living problems and the soaring cost of accommodation in recent years are likely factors. Royal London […]
Pensions Dashboards face ‘waiting game’
Platform and SIPP provider AJ Bell has warned that the delayed Pensions Dashboards – a key plank of government pensions policy – are in limbo until the government signals a new timetable. In March, Pensions Minister Laura Trott said that the Pensions Dashboards will miss the 31 August deadline this year when the first connections were […]