Claudia Pritchitt

Apr 5, 2023 | professionalplanner.com.au | David Bell |Simon Hoyle |Claudia Pritchitt |David Allen

We never expected the review of the Your Future, Your Super performance test instigated by the Minister for Financial Services Stephen Jones to recommend the significant changes necessary to make the test less costly and more effective. This would require moving the performance test from a legislative to a regulatory framework, and empowering APRA to utilise multiple metrics and a qualitative overlay. Nonetheless, the changes recommended by the Minister and Treasury will have positive impact.

Mar 13, 2023 | professionalplanner.com.au | Simon Hoyle |Claudia Pritchitt |David Allen |David Bell

The corporate regulator has formally ruled a line under one of the most shameful chapters of the financial advice industry’s history, issuing a final update on remediation paid by the big banks, AMP and Macquarie for charging fees for no service and for non-compliant advice.

Mar 9, 2023 | professionalplanner.com.au | Simon Hoyle |Robert MC Brown |Claudia Pritchitt |Neil Younger

Financial advisers have a mixed track record when it comes to understanding what “last resort” means. Whether it’s a Buyer Of Last Resort scheme or a Compensation Scheme of Last Resort, there’s always some who’ll see it as first option rather than a final one.

Mar 7, 2023 | professionalplanner.com.au | Robert MC Brown |Simon Hoyle |Claudia Pritchitt |Neil Younger

Over the last two decades I’ve been deeply involved in designing and delivering financial education programs to tens of thousands of ordinary Australians. Throughout that time, the major recurring topic and feedback from participants of all ages and career stages has been the difficulty they experience in finding affordable and trusted financial advice. Note the two criteria are “affordable” and “trusted”.

Feb 13, 2023 | professionalplanner.com.au | Chris Dastoor |Claudia Pritchitt |Meredith Booth |Sue Viskovic

Scale has become a buzzword for advice practices but for businesses to grow, it must be done off the back of organic growth according to a panel discussion. “Always prioritise organic growth over M&A… [an acquisition] should be the cherry on top,” Macquarie Group head of new business Jamie Melville told the Professional Planner Advice Practitioner Summit. Alteris Financial Group epitomised this philosophy – after building organically it made the decision to pursue M&A.