WP TV brings you closer to the industry's most influential leaders and thinkers. Click on the videos below to watch the interviews:

Showing 1 - 9 of 21

Invaluable client advice as budget looms

Financial planners are in overdrive as clients look for advice ahead of May's Federal Government budget. We speak to Andrew Zbik of Omniwealth on preparing for expected changes to superannuation.

Video transcript below:

Donna Sawyer, Wealth Professional
Donna Sawyer:
 Pr- budget rumblings have financial advisors scrambling as clients look for direction on super contributions and retirement planning.  Andrew Zbik of Omniwealth says there are a few critical issues financial planners need to know about in the leadt up to the May budget.

Andrew Zbik, Omniwealth
Andrew Zbik:  You know a big one there is the pension drawdown relief provisions.  At the moment we are expecting that will have to go back to the normal rate.  So we want to make sure that if that is the case, our portfolios have sufficient cash to cope with that.  But our preference is of course that they extend that 25% reduction on the pension drawdown factor for another year, it would help a lot of our clients’ portfolios.
Donna Sawyer:  He says planners should be providing this important advice to clients as soon as possible.  
Andrew Zbik:  Anyone who is on an income of 150, 180,000+ talk marginal tax rate, definitely make sure that this financial year, you have got capacity to completely max out your concessional contributions cap that you do so and again for those clients who are in retirement phase, just to make sure that we do have enough cash holdings, you know  not be tempted by the fact that the share markets had a run and now is the time to go jump in that we will need to hold some cashback possibly for the fact that the pension factors might go back to their normal levels.
Donna Sawyer:  And before the budget is set in stone, Andrew Zbik says the industry is lobbying on its behalf.
Andrew Zbik:  The biggest problem we have with super is all the changes that are made all the time and that really tests people’s confidence in the superannuation system.  But I think there is two key areas, one immediate, one more long term that as community we can campaign for.  And number one I would like to see the pension draw down relief fixed ended again for another year, so not having to go back to the normal rate and secondly again that concessional contributions cap, $25,000 is too low, we need it to back upto at least $50,000 and you have to remember this system was designed to be indexed and we haven’t seen any indexation of that cap whatsoever.  So that I think is really key to ensuring that people can contribute more to super.
Donna Sawyer:  This is Donna Sawyer reporting for Wealth Professional.
  • Visual estate planning tool increases engagement Visual estate planning tool increases engagement (views 27799)

    On this week’s Wealth Professional TV, Hans Egger, founder and creator of the Astute Wheel explains how new software will help engage clients with the importance of the estate planning process.

  • Estate planning not just for the wealthy Estate planning not just for the wealthy (views 23713)

    Peter Townsend of Townsends Business and Corporate Lawyers tells Wealth Professional why and how advisers should be helping all their clients with their estate planning.

  • Best practice will help to keep best advice promise Best practice will help to keep best advice promise (views 11272)

    Dan Powell of Actuate Advice Solutions says that cracking the best practice puzzle will help advisers better fulfil their clients' needs.

  • FPA Congress looks 'beyond FOFA' FPA Congress looks 'beyond FOFA' (views 12336)

    This Thursday and Friday saw the inaugural Financial Planners Association of Australia Congress at Sydney's Convention Centre, bring together delegates from all over the country. Wealth Professional took the chance to speak with CEO, Mark Rantall, who believes strongly in the importance of events like this.

  • AQUA II dividing opinion AQUA II dividing opinion (views 13074)

    The Australian Securities Exchange's new AQUA II platform has received a mixed reception from financial institutions. On this week's Wealth Professional TV we speak to Matt Lawler of Yellow Brick Road and Connie McKeage of OneVue for their opinions.

  • Businesses urged to be vigilant against employee fraud Businesses urged to be vigilant against employee fraud (views 11122)

    Concerns were raised last week that many businesses are leaving themselves open to the potential of employees behaving fraudulently, with potentially very costly implications. On this week’s Wealth Professional TV we speak to Leo Tutt of William Buck and Joanna Bird of ASIC for their advice.

  • DIY investors need not worry advisers DIY investors need not worry advisers (views 8380)

    The self-directed market has been attracting increasing concern but should advisers really be worried? On this week’s Wealth Professional TV we speak to OneVue’s Connie McKeage who believes DIY investors should be seen as holding exciting opportunities instead of as a threat.

  • White Paper begins tackling underinsurance issue White Paper begins tackling underinsurance issue (views 7911)

    With the release of it's new White Paper; 'The Value of Protection', the AFA has partnered with BT to first try to understand and then ultimately address negative perceptions of the life insurance claims process. Brad Fox, AFA CEO, believes that this white paper is vital in beginning to rectify Australia's huge underinsurance problem.

  • Stay educated, stay ahead. Stay educated, stay ahead. (views 6972)

    On a busy adviser's list of priorities professional education can often fall to the bottom, however, Brian Knight of Kaplan Professional Education insists that advisers need to keep addressing gaps in their knowledge.