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Financial Services Industry

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Five charts show predicaments facing financial advice

The number of financial advisers in Australia has almost halved at a time of greater need than ever. What has happened to the industry and its clients as yet another Quality of Advice Review takes place?

Trust and why not all LICs are created equally

A recent global survey revealed a lack of trust in investment firms. There are many areas for improvement such as disclosure, transparency, and conflicts of interest, and different LIC structures are examples.

Culture shock: 'Naked Among Cannibals' revisited

The cultural shortcomings of banking are being obscured by the more prominent scandals in wealth management. Without a legal fiduciary obligation to customers, are banks fulfilling the social role expected of them?

‘Outcome engines’ should be the heart of your business

There is opportunity within the financial services industry for super funds and wealth managers to develop quality outcome engines to gain market advantage and service clients more effectively. But it’ll take time and money.

Bowen and Bradbury take over from Shorten in Financial Services.

* On the day FOFA comes into effect, responsibility has passed to David Bradbury, who is now Assistant Treasurer and Minister Assisting for Financial Services and Superannuation. He will be assisting the new Treasurer, Chris Bowen.

Accounting may finally be sexy

Accountancy practices have been a poor second cousin to financial planning businesses in terms of sale price and merger and acquisition activity. Here’s why that might change soon.

Nixon’s Mum

Most people see the financial services industry as untrustworthy, but trust could be re-kindled if we practised two easily-stated pragmatic principles. Ethical behaviour is more likely to enhance success, and it isn't too onerous.

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How cutting the CGT discount could help rebalance housing market

A more rational taxation system that supports home ownership but discourages asset speculation could provide greater financial support to first home buyers.

3 ways to fix Australia’s affordability crisis

Our cost-of-living pressures go beyond the RBA: surging house prices, excessive migration, and expanding government programs, including the NDIS, are fuelling inflation, demanding bold, structural solutions.

Is there a better way to reform the CGT discount?

The capital gains tax discount is under review, but debate should go beyond its size. Its original purpose, design flaws and distortions suggest Australia could adopt a better, more targeted approach.

Want your loved ones to inherit your super? You can’t afford to skip this one step

One in five Australians die before retirement and most have not set up their super properly so their loved ones can benefit from all their hard work and savings. 

Welcome to Firstlinks Edition 648 with weekend update

This is my last edition as Editor of Firstlinks. I’m moving onto a new role though the newsletter will remain in good hands until my permanent replacement is found.

  • 5 February 2026

Super is catching up, but ageing is a triple-threat

An ageing Australia is shifting the superannuation system’s focus from accumulation to the lifecycle of retirement. While these pressures have been anticipated for decades, they are now converging at scale and driving widespread industry change.

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