This week's episode is all about the upcoming changes to the Aged Care rules. Nathan's good enough to take an oddly political Jordan through the changes this week, covering:

• The expansion of the options in the Home Care arena from 4 to 8+2.
• The value and impact the new 'End of Life' package is going to offer people who want to spend their last days in their home.
• The changes to the fees - upfront and ongoing - for residential aged care.
• How the new-but-not-new hotelling fee is adding to the overall cost.
• Why these changes mean the middle class is going to feel the squeeze the most.

Nathan and Jordan also expound on why this is important and relevant for all advisers, not just those directly practicing in the space.

This was a fun one, with lots of ranting and political gasbagging amongst the - hopefully useful - practice insights.

Nathan:

advice@nathanfradley.com.au

www.nathanfradley.com.au

Jordan:

jordan@planningsolo.com.au

www.planningsolo.com.au

LinkedIn:

Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.

Friend* of the show, Phil Thompson from Skye Wealth joins us this week to discuss the very specific, very niche, but very important topic of duration discounting in insurance.

Phil takes us through just what he's talking about, why it matters and the damage it's doing to the entire insurance ecosystem.

Importantly, though, he also shares what he sees as the best fixes to this problem. His confidence that the industry will see sense and fix this rolling issue is encouraging.

Stay on to the end to hear his unvarnished thoughts on the burgeoning general advice model of life insurance (non) advice too.

To be honest, this won't be the most uplifting episode you ever listen to - this stuff is heavy, the consequences severe and the options limited.

But damned if it isn't fantastic to be part of such a mature conversation relevant to our entire profession.

Thanks again, Phil.

*Perhaps 'former' is more accurate, given the arguing that goes on in this one...and the opening slander too.

Phil

LinkedIn

Phil's Article We Discuss

Skye Wealth

Nathan:

advice@nathanfradley.com.au

www.nathanfradley.com.au

Jordan:

jordan@planningsolo.com.au

www.planningsolo.com.au

LinkedIn:

Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.

This week, we conclude our Ongoing Advice series with the one, the only Michael Back.

Renowned by advice firms that know what's what, Michael has long helped advice practices take their client experience to the next level.

So we've asked him to come on to help us explore the CX part of Ongoing Advice, with a very particular focus on the value of all the coaching advisers do for their clients.

What is coaching, how does our version differ from the one you might have in mind, and why are we all so hung up on charging for these amazing, but intangible, services?

Jordan says this one was hard to keep on track, with the digressions and diversions threatening to overwhelm.

"But a Goofyphile would say that, wouldn't he" says Nathan.

It's a fun episode - and a worthy cap to this enjoyable series on Ongoing Advice.

You can reach Michael via his LinkedIn Page.

Nathan:

advice@nathanfradley.com.au

www.nathanfradley.com.au

Jordan:

jordan@planningsolo.com.au

www.planningsolo.com.au

LinkedIn:

Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.