Thanks to Household Capital for giving me the opportunity to present at their #thirdpillarforum last week. With concerns about retirement uncertainty being the second highest source of financial stress in Australia. Enabling people to close the gaps in their retirement plans has never been more important. At Fiduciary Advice we are pioneering the provision of affordable and accessible financial advice to help people make better, more informed choices with easy, simple steps to close these gaps. #retirement #retirementincome #retirementplanning #retirementplans #retirementgoals #financialadvice #pension https://lnkd.in/gkRUncc

The Governments recent measures to expunge funds whose goals are not aligned to those of their members is a step in the right direction. However, this is not likely to increase engagement or deliver the guidance members need to achieve the retirement outcomes they want. Enhancing these aspects of a members journey will deliver far greater results in my opinion. This was evidenced by the 2018 University of Melbourne report "The customer journey through retirement planning". The most incremental benefits for a member will be derived from making changes at various trigger points along their journey to life after work (see image). Getting the guidance and advice to make these changes needs to be facilitated by the super funds to align their interests with those of their members. This isn't just a series of pdf flyers or one way seminars- members want personalised advice to get them on track to where they want to be in retirement. And this is not just having a big nest egg, it's about designing a retirement plan around the four pillars of health, family, purpose and finances espoused by Ken Dychtwald #superannuation #retirementplans Jane Hume Australian Institute of Superannuation Trustees Association of Superannuation Funds of Australia (ASFA) Fiduciary Advice

Great initiative Josh Funder. Retirement planning definitely needs a re-think given it has missed the mark for so many people and is causing so much stress. Recognizing that it's not just about money, but needs to factor in your health, having a purpose and social interactions will help close the gaps and lower people's stress around their retirement uncertainty. #retirementplans #financialwellness #401kplan #retirementplanning #retirement #retirementincome #401k #pulse

Blockchain based technologies and wallet-based systems are causing a paradigm shift in asset management because they redefine how assets are created, managed, and transferred—ushering in a new era of transparency, efficiency, and accessibility. Digital Money, ie stablecoins and tokenized deposits integrated into digital wallets, will establish the beachhead. Key settlement, liquidity, collateral, trade finance, insurance, distribution, cross-border payment, and identity infrastructure will then be integrated or developed around this new mechanism to transfer value peer-to-peer. Then the assets held in traditional custodial structures, like funds, will migrate rapidly and digital assets will enter their growth phase. There are 6 key elements that will drive driving, namely: 1. Disintermediation Traditional asset management relies on layers of intermediaries (custodians, transfer agents, administrators) and multiple ledgers. Blockchain replaces these with a single decentralized ledgers, wallets and smart contracts, reducing costs and friction 2. Transparency Every transaction is delivered simultaneously to all stakeholder, recorded immutably and can be audited in real time. This builds trust among investors and regulators, especially in complex fund structures. 3. Automation Fund operations like NAV calculation, investor onboarding, and compliance checks can be automated. This reduces human error and accelerates settlement cycles. 4. Liquidity and Accessibility Tokenized assets can be traded 24/7 on global platforms, improving liquidity for traditionally illiquid investments - no more ‘9-to-5’. Fractional ownership and wallet-based infrastructure opens access to retail and underserved markets. 5. Security and Resilience Advanced encryption and decentralized architecture reduce single points of failure. Enable investors to retain self sovereignty of their data. Establish trust without disclosing your personal details. Blockchain mitigates risks of fraud and cyberattacks through tamper-proof records. 6. Interoperability Blockchain enables cross-border asset flows without relying on siloed infrastructure. Wallets composable financial products that can interact across jurisdictions and platforms In the near future, assets will be increasingly recorded on blockchain technologies. The trajectory is clear. Making the most of this paradigm shift, like when share trading went from voice to electronic, will create new market leaders who position themselves strategically today.

We agree with the position taken by Michael Rice of Rice Warner that financial advice needs to be 'affordable and accessible'. The good news is that Fiduciary Advice is disrupting the industry by delivering affordable and accessible advice to Australians at under $300. We are filling the void for the millions of financial advice orphans to help them get to where they want to be financially easily and simply. We are working with a number of super funds to offer 'simple' advice to their members in 2021. Aleks Vickovich Harry Godber Industry Super Australia Association of Superannuation Funds of Australia (ASFA) Financial Planning Association of Australia Australian Institute of Superannuation Trustees Andrew Boal #financialadvice #retirementplanning #retirement #disruption #pulse #financialplanning #retirementincome