Shy-ann Arkinstall

Sydney

Journalist at IFA Magazine

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Articles

Associations ramp up calls for $3m super tax to be scrapped ‘unequivocally’

1 week ago | ifa.com.au | Keeli Cambourne |Shy-ann Arkinstall

In a joint statement, the SMSFA, Council of Small Business Organisations Australia, National Farmers’ Federation and the Family Business Association said plans to tax paper gains is tantamount to “confiscation” and “punishes aspiration, destroys liquidity, and turns volatile market movements into tax bills”. “The absurdity of taxing paper gains is laid bare with the recent turmoil in investment markets.
Profession concerned about intra-fund advice ‘unknowns’

1 week ago | ifa.com.au | Shy-ann Arkinstall

Speaking at Momentum Media’s Election 2025 event on Thursday, Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said that with Australians retiring with more super than ever, there is a growing need for support and guidance to help them make the most of their saving once they retire.
Lifetime income advice from super funds could cause unfixable issues

1 week ago | ifa.com.au | Shy-ann Arkinstall

Late last month, Financial Services Minister Stephen Jones released the latest round of financial advice reforms, including creating an allowance for superannuation funds to provide targeted prompts to members to drive greater engagement with superannuation at key life stages. With these changes has come the ability for super funds to provide members with retirement income advice in relation to their interest in the fund including selling retirement products.
HUB24 adds 5 new portfolio managers to Discover platform

1 week ago | ifa.com.au | Shy-ann Arkinstall

HUB24 has added managed portfolios from Dimensional, State Street, Russell, Infinity, and MLC to its Discover offer to give advisers and their clients more choices to support their financial needs and goals. Launched in 2023, Discover is a cost-effective platform and investment solution designed for those with less complex needs, providing access to a range of passive, active and environmental, social and governance (ESG) investment options.
Otivo opens up digital solution to advice practices

1 week ago | moneymanagement.com.au | Shy-ann Arkinstall

Otivo is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients. After primarily working with superannuation funds last year, most notably through its partnership with Colonial First State (CFS), Otivo said it has now officially entered the financial planning sector as it seeks to work with advice practices to help them “increase revenue and build stronger internal relationships with clients”.
Adviser exam results bolster adviser numbers

2 weeks ago | ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic

Some 21 new entrants joined the industry over the week ending 10 April, leading to a double-digit growth of 24 advisers on the Financial Advisers Register (FAR) and bringing overall numbers to 15,600. Wealth Data attributed the strong surge in new advisers to the results of ASIC’s recent adviser exam held on 6 March. Some 241 candidates sat the exam and 73 per cent of them passed.
Market volatility not enough to dampen Netwealth’s FY26 outlook

2 weeks ago | ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic

In the three months to 31 March 2025, the wealth management platform’s funds under administration (FUA) rose $2.5 billion – or 2.5 per cent – from $101.6 billion in the previous quarter to $104.1 billion. This included FUA net flows of $3.5 billion, down 22 per cent from net flows of $4.5 billion in the December quarter, which were offset by negative market movements of $1 billion.
‘Daunting’ and ‘intense’: Preparing for the adviser exam

2 weeks ago | ifa.com.au | Shy-ann Arkinstall

Each quarter, the Australian Securities and Investments Commission (ASIC) holds a financial adviser exam, an unavoidable step laid out in the Corporations Act for anyone wishing to provide financial advice in Australia who doesn’t meet the experience pathway. Previously administered by the Financial Adviser Standards and Ethics Authority (FASEA), ASIC took over the exam as of 1 January 2022.
SOAs and CARs: Avoiding the ‘yellow Volvo’ approach to compliance

2 weeks ago | ifa.com.au | Shy-ann Arkinstall

While compliance is a key component of financial advice, Caboodle Financial Services financial adviser and coach Peita Diamantidis says the advice profession has gotten stuck with its “compliance glasses” on, letting fear of legal repercussions draw focus away from what clients want and need.
Insurers need to create products for the ‘digital world’

2 weeks ago | ifa.com.au | Shy-ann Arkinstall

Research by the Council of Australian Life Insurers (CALI) has revealed a 5 per cent decline in life insurance uptake among 18 to 34-year-olds driven, in part, by the high cost of living and inaccessible financial advice. On top of this, research from the Association of Superannuation Funds of Australia (ASFA) released in mid-2024 found that the same age cohort was increasingly relying on social media for financial advice.