Paraplanning

Niall McConville’s recent article in IFA, “The age of underinsurance and the consumer gap we cannot ignore,” paints a stark picture: a million Australians underinsured for death and TPD, 3.4 million lacking adequate income protection, and a specialist risk advice profession of just 600 advisers trying to serve a market of over 21 million adults.…

The Australian financial advice profession is entering a new era. After years of adapting to regulatory upheaval and mounting compliance costs, business leaders finally have headspace to think strategically and ambitiously. The pace of reform has eased, and a sharper focus on scaling up and accelerating growth is emerging across the sector. What separates successful…

Treasury’s recent decision to delay and reshape the $3 million superannuation tax marks a new beginning for how Australia defines fairness and sustainability in its retirement system. For years, the super debate has oscillated between two poles: those who argue the system has drifted too far toward wealth accumulation for the affluent, and those who…

When Treasury confirmed that family trust tax rules would remain unchanged — at least for now — it offered a rare moment of stability in an otherwise shifting policy environment. Appearing on Sky News on 16 October, Minister for Financial Services Daniel Mulino stated that “there’s no plans to look at anything other than the…

Professional Planner recently highlighted a growing challenge for retirees and their advisers: the “fear of running out” (FORO). Unlike the well-known “fear of missing out,” FORO strikes at a far more serious anxiety. It leaves retirees reluctant to spend their hard-earned superannuation, even when their financial position is more than sufficient to support the lifestyle…