Jordan and Nathan tackle the fundamental, but complex topic of Superannuation switching, and the ethical considerations that appear.

They discuss the history of Superannuation products, investment philosophy, replacement, tradeoff discussions, Industry Funds versus Wrap accounts and the ethical challenges advisers face when looking at product replacement.

The ATO's release of Tax Determination 2023/D4 in late 2023 was swept up in the QAR kerfuffle. But it's a big, positive change worth talking about.

'Tax deductible' advice fees has felt like a pipedream for financial advisers for a long time. But a committed group of professionals, led by the FAAA, have spent over four years on making it a reality.

So Nathan and Jordan invited Conrad Travers, a member of the group,on to the podcast to discuss just what it all means. They discuss:

• Where we were
• What's changed
• What advisers can start doing TODAY
• The opportunities, complexities and considerations that come with such a breakthrough.
• The novelty of a totally positive announcement in the world of financial advice regulation.

You can find Conrad on LinkedIn at https://www.linkedin.com/in/conradtravers/

This Episode has been accredit for CPD

Link to Quiz: https://quiz.ensombl.com/NATH-25110419-26150001

Regulatory Compliance and Consumer Protection:0.25

Tax (Financial) Advice: 0.25

This first episode of 2024 has Jordan and Nathan exploring the world of Aged Care in Australia.

Nathan's deep expertise in the area is obvious as Jordan assumes the (comfortable?) role of Ignorant Idiot - asking Nathan questions other advisers might be too embarrassed to ask.

If all you know about Aged Care advice comes from those times you visited your Nan, then this episode will help you better understand:

• The spectrum of options facing Australians in their later years.
• The complex combination of benefits and payments to consider.
• Navigating the emotional intricacies of family discussions around such a sensitive topic.
• How you can have these conversations with your 40-50 year old clients - and why you should.
• And, finally, why you don't need to have the answer to all of these questions - but there is real value in knowing where to find the answer when the time comes.

As always, feel free to continue the discussion over on the LinkedIn Page and challenge our views!

In this slightly more casual episode, Nathan and Jordan discuss how they make plans in their businesses. They go into detail about the structure they use to plan for the New Year - from their 'why', strategic objectives and tactical action plans.

Bringing in their expertise from the worlds of fitness and strength training (Nathan) and doubt and discomfort with success (Jordan), they explore how financial planners can make effective plans in 2024 - and beyond.

They cover the challenges and opportunities that can come in translating a strategic plan into quarterly objectives, and the tension that comes from incorporating individual personalities into the strategic picture.

Hot off the back of the most recent, and quite controvercial Quality of Advice review annoucements, Jordan and Nathan got Ben Marshan into the studio.

Ben is a consultant for financial advice practices, having previously been the head of policy and engagement for the FPA. With his extensive experience in advocacy and lobbying the boys delved into what the latest annoucements would mean for advisers, and what they should do if they arent happy.

You can find Ben on linkedin at https://www.linkedin.com/in/benjaminmarshan/

In this episode Jordan and Nathan are joined by Michael Miller, Senior Financial Adviser at Capital Advisory in Canberra, an FAAA fellow, CFP, Textbook author and frequent contributor to the Financial Planning industry on all things ethics.

They discuss Michaels blog where he summarises the AFCA and AAT determinations to provide learnings to the profession as a whole, as well as the role of AFCA. As will be the case whenever Michael visits they also looked at some recent determinations and broke down the learnings.

You can visit Michaels blog at https://michaelmiller.help/notes or find him on linkedin at https://www.linkedin.com/in/mmillercfp/

In this thought-provoking podcast episode, Jordan and Nathan explore the complexities of pricing in financial advice, taking a relatively high level look at the history of how financial advice has been priced, how firms approach it in modern context and the pros and cons of each approach.

As always the boys dont take things too seriously, nor do they claim to have all of the answers.

Don't forget to join the conversation on Linkedin https://www.linkedin.com/company/challengethestandard/