New Design and Distribution Obligations (DDO) Have Arrived
Breaking down the new Design and Distribution Obligations (DDO) On 5 October 2021, the new DDO came into effect. The obligations apply to issuers and distributors of financial products to retail clients. What is the DDO? For issuers, the DDO requires them to provide a Target Market Determination (TMD) for a financial product. The TMD […]
Guide to Ongoing Fee Arrangements
Breaking down the new legislation for ongoing fee arrangements See our more recent post here, which explains new January 2025 changes: Breaking Down the New Ongoing Fee Arrangement Rules – What You Need to Do Now – Plutosoft On 1 July 2021, the Financial Sector Reform (Hayne Royal Commission Response No. 2) Act 2021 will come into […]
How To Charge For Life Insurance Advice
Life insurance is such an important part of securing a client’s financial future. Here are some ideas on how to provide profitable, fee for service life insurance advice and a winning process. Charging for life insurance advice The key is to make your process compelling, valuable and efficient. Sure, it is important to explain the technical […]
How To Build A Profitable Financial Planning Firm
Imagine your financial planning firm a few years from now. Your firm runs efficiently, your profit is increasing and your advice documents are prepared in minutes, not days. Those painful administrative tasks, which don’t add any value to your business, are now automated. Suddenly, you have more time to focus on servicing your clients and […]
How To Choose Financial Planning Software For Your Firm
In recent times, many financial planning software solutions have come onto the market. With so many CRMs, client portals and digital fact finds now available, the choice can seem overwhelming. But it need not be. Here are some tips on how to find the right financial planning software for your firm. What is your problem […]