In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Craig Day, head of technical services at Colonial First State, to discuss the nuances surrounding invalidity for SMSF trustees and members.

Day breaks down some of the positives and negatives of holding TPD insurance within an SMSF and explains what advisers who may be recommending their clients go down this path need to understand.

Listen as they discuss:
• The most pressing considerations around invalidity and SMSFs.
• Why it is important to understand the compliance rules related to SMSFs and insurance.
• The role of beneficiaries in the context of recent legal challenges relating to spouses and de facto relationships.

In this episode of The ifa Show, host Keith Ford is joined by experienced financial services executive Tony Beaven to take a look at the similarities and differences between the UK and Australian financial advice sectors – and what each can learn from one another.

Beaven, who has worked in advice businesses across both countries, explains how the regulators across these jurisdictions work together to improve their processes and how the Financial Conduct Authority in the UK works could inform the future of Australian advice regulation.

Listen as they discuss:

• The place of robo-advice in reducing the advice gap.
• Why self-licensed advice firms need to fully understand the responsibilities that come along with it.
• How lowering the education benchmark for a new class of advisers could undermine professionalism.

In this episode of The ifa Show, host Keith Ford is joined by managing director of WT Financial Group Keith Cullen to discuss the recent passage of the first Delivering Better Financial Outcomes bill and the need to expand the advice profession.

Cullen explains how advisers engaging with the political process delivered a tangible outcome in the amendments that were made to section 99FA, and why he believes the next tranche of legislation needs to include practical ways for advice firms to incorporate the proposed new class of advisers into their businesses.

Listen as they discuss:

• The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
• Why it is vital that the profession finds new ways to bring talent into advice.
• The case for licensees taking on a greater share of the ASIC levy.