Paraplanning

In summary A recent professional development day offers a clear read on the priorities shaping financial advice in 2026. Retirement and intergenerational wealth transfer remain the core drivers of advice demand. Artificial intelligence and regulation shape the rest of the picture, including managed account arrangements under best interest duty and the limits on AI-written advice…

In summary The government has confirmed a new class of adviser, available only to APRA-regulated super funds and life insurers, as part of its Delivering Better Financial Outcomes reforms. Super funds have welcomed the change. The wider advice profession has responded with qualified support and clear reservations. Commissions, bonuses and volume-based payments are banned for…

In Summary Only 38 per cent of pre-retirees know how much income they will need each month, and fear of running out is pushing retirees to underspend money they have already saved. A comprehensive long-term projection replaces generic benchmarks with an affordability figure specific to the household, addressing the risk of spending too much and…

In Summary Almost half of pre-retirees have used a generative AI tool, and advised clients use AI more than unadvised ones, most often to explore options and prepare for adviser meetings. AI has closed very little of the gap that matters: 41 per cent of pre-retirees understand what they will need to fund retirement, against…

In Summary On 23 June 2026 the government agreed to a Greens amendment that bans new limited recourse borrowing arrangements (LRBAs) for residential property inside SMSFs. The change is prospective, with existing arrangements grandfathered and a 45-day transition after Royal Assent, placing the effective date around mid-August 2026. The ban closes one of the most…