The changing face of financial planning

It used to be a pretty good racket. You’d hold a corporate super book for a couple of big organisations, and for the annual price of a PowerPoint presso and a bottle of Grange to the MD you’d receive a juicy 0.66% of each employee’s Super balance. Every now and again your accountant mates would send across someone looking for a bit of help getting across the line to retirement and you’d whack them into a TTR and make sure they got a Christmas... Read More

FPA – no degree, no membership | Money Management

    The Financial Planning Association (FPA) has lifted the bar on membership, requiring that from July 2013 membership only be open to new members with an approved degree. Frankly, this has been coming for a while now, and certainly represents the correct approach in moving the industry away from the shonky salesman image to something more professionally aligned with accountants or lawyers. Unfortunately, it is not a mandatory requirement that... Read More