Blake Briggs’ Post

A parliamentary committee has called for a review into how superannuation is used to engage in financial abuse, noting the structure of SMSFs raises the risk of one member abusing another. https://ow.ly/5tXi50Uo3uR Australian Prudential Regulation Authority #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

The Financial Advice Association Australia (FAAA) says the new class of adviser should be a “level playing field” whereby advice practices are given the same legislative privileges as the super funds. The controversial second adviser tier was due to be introduced in legislation, but this is becoming unlikely to be voted on in Parliament with an election anticipated to be called early in the new year.  Philip Anderson George John David Sharpe CFP® Sarah Abood #faaacongress #dbfo #regulation #financialadvisers #financialplanning #financialservices

In a policy update to members, the Financial Advice Association Australia (FAAA) has lamented how recent reforms to advice – legislation covering the Quality of Advice Review and Compensation Scheme of Last Resort – have been handled by government. Sarah Abood Philip Anderson #financialservices #financialadvisers #financialplanning

A previous attempt by the government to name its proposed new class of adviser has left it cautious about trying again as it attempts to find an appropriate and acceptable title. https://ow.ly/nloQ50UoQzb Financial Advice Association Australia (FAAA) Sarah Abood David Sharpe CFP® #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

The Rise of ISA Millionaires : Tax-efficient investing It’s fascinating to see that the number of ISA millionaires has jumped by 19% in just one year, with nearly 5,000 savers now sitting on ISA pots worth £1 million+ (according to HMRC). It is inspiring to see how consistent contributions—no matter how small—can lead to big results over time. Rajan Lakhani from Plum sums it up perfectly: "Investing early and regularly can go a long way in helping you meet your financial goals." 🌱 Isn’t it a reminder that starting early with tax-efficient savings can really pay off in the long run? How are you using your ISA to build long-term wealth? As an investor or accountant what advantages and disadvantages should people be aware of? #ISA #Investing #WealthBuilding #MSN #TaxEfficiency #Finance #SmartInvesting #PlumApp #Accounting

Do you know what you should be considering when it comes to your estate planning? My colleague will be speaking with Ally Wealth Management on a special webinar that is free to attend!

As was predicted, the Royal Commission outcomes saw a reduction in the number of Financial Advisers and increased costs. Now, there is talk of tax deductibility for the tax part of the advice. Talk to the AAMC Training Group today about being able to assist you in expanding your services offerings, such as Finance Broking pathways for Accountants and Financial Advisors, along with the Tax Practitioners courses and various other relevant CPD courses https://lnkd.in/d6BnpjEz #fns40821 #FNS50322 #bsb50120 #tpb503ta #tpb504ta #tpb505ta #tpb507fa #tpb601ta #aamctraining #educationwithoutborders #rpl

The multi-year process to reform financial advice laws has been hindered by a closed-door, secretive process tightly controlled by public servants and industry lobbyists, including the unorthodox signing of non-disclosure agreements. The new Professional Planner Advice Policy Summit will bring the debate into the public domain, allowing all advice stakeholders to have their say in what should be a transparent and democratic policy development process. Aleks Vickovich #opinion #asic #dbfo #qar #treasury #financialadvisers #financialplanning #financialservices

For those who have followed the ebbs and flows of financial advice reform over the past 3 years (or longer), many are just hoping for some kind of resolution or regulatory relief before the election circus. But the ticking clock should not mean due process and good government goes out the window. While it might be politically expedient, it is unacceptable in my opinion that industry associations and others sign non-disclosure agreements with the government effectively stifling free and public debate on issues of utmost importance to their members. Throughout this ordeal, the government has insisted on a facade of industry consensus about financial advice that frankly may not exist. It is time to let all stakeholders in the ecosystem - practising advisers, licensees, super funds, lobbyists, regulators and service providers - have a real, on-the-record discussion about the future of the profession and project to democratise access to advice. The Professional Planner Advice Policy Summit in Canberra next February will do just that. Join us.