Six in ten 50-year-old workers say they are worried about the upcoming rise in the minimum pension age, according to a new study. The Government will increase the minimum age workers will be able to access their pension savings from 55 to 57 in 2028. While the move has been flagged for some years, 63% […]
Archives for May 2023
After 14 firms and 15 disclosures, ex-broker to pay $1M for fraud
Bank of England pushes up base rate to 4.5%
The Bank of England today increased its base rate by 25 basis points from 4.25% to 4.5%. The rate is the highest since the height of the global financial crisis in October 2008. The rise was expected by many experts and comes as the Bank continues to make curbing inflation a priority. The latest rise […]
What the 2023 Federal Budget means for you
The Australian Government unveiled its annual budget this week, which aims to stimulate economic growth, address long-term challenges, and improve social services. The budget is focused on helping with the cost of living, with tax cuts for middle and low-income earners, while also allocating funding to health, education, and small businesses. If you have […]
A $1B advisor team leaves Wells Fargo for Dynasty-backed RIA
Instead Of Asking “Why”, Try “What Else” To Get Clients To Open Up About Goals
In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship. But while it’s one thing to know that it’s good to ask questions, it’s another thing to know […]
FCA will take “swift” action if Consumer Duty breached
The Financial Conduct Authority has warned regulated firms who ignore its upcoming Consumer Duty deadline to expect “swift action.” The regulator’s new Consumer Duty will come into force from 31 July and will introduce new requirements for firms to avoid “foreseeable” harm to consumers. In a speech at financial consultancy EY this morning, Sheldon Mills, FCA […]
Meet the new faces of Australia’s XPAC
Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and […]
Budget recap – what was in it for small businesses?
Well, there we have it folks – the 2023-24 federal budget has now been dropped by the Labor government. We reached out to over 290 SMBs last week to unearth what they wanted to see included in the budget and deduce how they were feeling about a range of important issues. So, what came to […]
