MLC creates redundancy toolkit
In a sign of the times, MLC has created a guide for planners with clients who have received or are facing redundancy.
The toolkit, created by the group’s technical services team, provides guidance on budgeting, continuing to plan for retirement, debt management and maintaining insurance cover, among other matters. The guide also looks at how to deal with redundancy payments, including the investment and tax treatment of such payments, while also looking at government allowances that may be available.
It includes a guide for clients as well as a presentation that advisers can use at client seminars.
AUTHOR
Mike Taylor
Recommended for you
Next year will see AMP roll out an end-to-end solution for its North platform, marking a shift in the firm’s position within the advice technology sector and building on adviser feedback.
My Dealer Services is predicting strong growth in self-licensing next year, citing recent ASIC action against Interprac and the desire for independence as key drivers of the self-licensing trend.
ASIC has handed down a six-month AFSL suspension to MW Planning after the firm failed to replace its banned responsible manager.
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
