13 February 2020 News
We are continually grateful for the messages of thanks and support we receive from you post our daily communications regarding the sale of Madison. We can appreciate & empathise with the uncertainty and potential anxiety each of you may be feeling. The way through this is to remain open in our conversations, ask the difficult questions and share information. We will continue to do this on a daily basis, even when there is no new information. A summary of today’s webinar below;
Bob Neill, Seaview Consulting has been engaged to support PWC in obtaining the best possible outcome for all stakeholders. He is currently reviewing information provided and communicating with parties who have already expressed some interest over the next few days. The aim is to identify a short list of suitable options by mid March. Bob firmly believes Madison is a good, well run business and potential acquirers should have strong regard to the importance of continuity if they are looking to achieve the best outcome.
I will be working closely with Bob and PwC to ensure we minimise business disruption. This includes any agreed arrangements such as the one with Australian Super as mentioned today. I know a few advisers have expressed an interest to represent the Principals. I’ll help facilitate an introduction to Bob so you can have a direct line of communication.
Whilst the last couple of weeks have been challenging, we also have things to celebrate! The amazing Bethany Wooster celebrates 10 years with Madison. Bethany’s energy, passion, kindness and creative approach to everything she does has become integral to the culture of our community. Nothing is too much trouble, she helps with a smile and she’s always happy to take on a new challenge (she can even quote regulations now!). The team is going to take some time out tomorrow afternoon to celebrate Bethany’s 10 years with Madison…it’s an achievement worth acknowledging.
Welcome to our new advisers, Alisa, Lissy, Andrew, Cassandra and Bianca. Thank you for placing your faith in us. We look forward to working with you over the coming years.
Sincerely,
Annick Donat
Madison PD Roadshow
Melbourne
CLICK HERE
AMP – 699 Collins Street, Docklands
Monday 24 February
11.00am – Principals’ briefing
1.15pm – Masterclass
Tuesday 25 February
9am – PD Day
Adelaide
CLICK HERE
BT – 91 King William Street, Adelaide
Thursday 27 February
11.00am – Principals’ briefing
1.15pm – Masterclass
Friday 28 February
9am – PD Day
Sydney
CLICK HERE
BT – Tower Two, 200 Barangaroo Ave, Sydney
Monday 2 March
11.00am – Principals’ briefing
1.15pm – Masterclass
Tuesday 3 March
9am – PD Day
Brisbane
CLICK HERE
Christie Spaces – 320 Adelaide Street Brisbane
Thursday 5 March
11.00am – Principals’ briefing
1.15pm – Masterclass
Friday 6 March
9am – PD Day
Welcome to the Madison Community
Please join us in welcoming the following advisers to the Madison Community.
Cassandra Sorby-Adams, Wagtail Wealth
Bianca Dezotti, Honey & Hive Wealth Management
Investment Services Updates
CLICK HERE for the Research and investment consulting update.
CLICK HERE for more information about the ‘Investment strategies for different risk profiles’ document.
CLICK HERE to read about the latest changes to the Madison Model Portfolios and where to find them.
Insurance Working Group Update
In late 2019, the Australian Prudential Regulation Authority (APRA) announced a significant change to income protection across all insurers. The most significant change is the removal of a monthly benefit guarantee for new policies commencing from March 2020. Please CLICK HERE for Zurich and Onepath’s communication around the cessation of their DI agreed value contracts.
ASIC Levy 2018-19
The annual ASIC funding levy is due to be paid in March. The levy has increased from last year, due to ASIC’s increasing costs. For Madison, the levy payable is $1,300 per Authorised Representative. Similar to last year, we will deduct this levy over two revenue periods, commencing in the upcoming run on 17 February. The ASIC levy does not give rise to GST.
Madison Adviser Portal
The new Adviser Portal has been available via the Madison website since December last year. This portal includes all current advice documentation and policies. Please do not use Compliance Logic as the documentation may be out of date. Access to Compliance Logic will cease in the coming weeks to avoid confusion. CLICK HERE to read the user guide for the new Adviser Portal.
Advice Document Updates
We have made some changes to some of the templates on the Adviser Portal. Please CLICK HERE to read more.
Xplan Tips
CLICK HERE for a time-saving tip in keeping your client emails up to date in Xplan.
FASEA Exam
Congratulations to all our Advisers who have passed the FASEA Exam. Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records.
CLICK HERE for the 2020 FASEA Exam and enrolment schedule and registration link.
ASIC – Updating your Details
CLICK HERE to read more about keeping your details with ASIC up to date.
News and Events from our Industry
MLC Life Insurance are updating their technology systems, this will have an impact on how you work with the provider CLICK HERE for more information and HERE to access their resources to assist your practice through this change.
The Netwealth 2020 Super Roadshow is back for its fourth year. Join Keat Chew, Head of Technical Services at Netwealth, as he explores four practical strategies you can use to elevate your superannuation advice in 2020 and beyond. Register here.
CLICK HERE for details of the Magellan Asset Management Adviser & Client Briefings 2020
Revenue Services
The next revenue payrun will be processed on 17 February 2020
OPEX has written handy guides for Madison users, available through Zen desk and the below links;
CommPay Reporting
Lodging and receipting an invoice.
Invoice Tracking Template
Xplan Navigation
Power BI webinar recording
Setting up referral arrangements in CommPay
CommPay and revenue queries – ATTN: Brokerage
support@opexconsulting.com.au
Discount Codes
FPA – When enrolling in any CFP unit note you are with Madison for a 10% discount.
Kaplan – PC-RID159
Please note our promotional code for postgraduate study to meet FASEA requirements has been updated to MADFIMFP20. Make sure you enter this code to get the new pricing of $1,600 per subject.
Helpful Information
13 February 2020 News
We are continually grateful for the messages of thanks and support we receive from you post our daily communications regarding the sale of Madison. We can appreciate & empathise with the uncertainty and potential anxiety each of you may be feeling. The way through this is to remain open in our conversations, ask the difficult questions and share information. We will continue to do this on a daily basis, even when there is no new information. A summary of today’s webinar below;
Bob Neill, Seaview Consulting has been engaged to support PWC in obtaining the best possible outcome for all stakeholders. He is currently reviewing information provided and communicating with parties who have already expressed some interest over the next few days. The aim is to identify a short list of suitable options by mid March. Bob firmly believes Madison is a good, well run business and potential acquirers should have strong regard to the importance of continuity if they are looking to achieve the best outcome.
I will be working closely with Bob and PwC to ensure we minimise business disruption. This includes any agreed arrangements such as the one with Australian Super as mentioned today. I know a few advisers have expressed an interest to represent the Principals. I’ll help facilitate an introduction to Bob so you can have a direct line of communication.
Whilst the last couple of weeks have been challenging, we also have things to celebrate! The amazing Bethany Wooster celebrates 10 years with Madison. Bethany’s energy, passion, kindness and creative approach to everything she does has become integral to the culture of our community. Nothing is too much trouble, she helps with a smile and she’s always happy to take on a new challenge (she can even quote regulations now!). The team is going to take some time out tomorrow afternoon to celebrate Bethany’s 10 years with Madison…it’s an achievement worth acknowledging.
Welcome to our new advisers, Alisa, Lissy, Andrew, Cassandra and Bianca. Thank you for placing your faith in us. We look forward to working with you over the coming years.
Sincerely,
Annick Donat
Madison PD Roadshow
Melbourne
CLICK HERE
AMP – 699 Collins Street, Docklands
Monday 24 February
11.00am – Principals’ briefing
1.15pm – Masterclass
Tuesday 25 February
9am – PD Day
Adelaide
CLICK HERE
BT – 91 King William Street, Adelaide
Thursday 27 February
11.00am – Principals’ briefing
1.15pm – Masterclass
Friday 28 February
9am – PD Day
Sydney
CLICK HERE
BT – Tower Two, 200 Barangaroo Ave, Sydney
Monday 2 March
11.00am – Principals’ briefing
1.15pm – Masterclass
Tuesday 3 March
9am – PD Day
Brisbane
CLICK HERE
Christie Spaces – 320 Adelaide Street Brisbane
Thursday 5 March
11.00am – Principals’ briefing
1.15pm – Masterclass
Friday 6 March
9am – PD Day
Welcome to the Madison Community
Please join us in welcoming the following advisers to the Madison Community.
Cassandra Sorby-Adams, Wagtail Wealth
Bianca Dezotti, Honey & Hive Wealth Management
Investment Services Updates
CLICK HERE for the Research and investment consulting update.
CLICK HERE for more information about the ‘Investment strategies for different risk profiles’ document.
CLICK HERE to read about the latest changes to the Madison Model Portfolios and where to find them.
Insurance Working Group Update
In late 2019, the Australian Prudential Regulation Authority (APRA) announced a significant change to income protection across all insurers. The most significant change is the removal of a monthly benefit guarantee for new policies commencing from March 2020. Please CLICK HERE for Zurich and Onepath’s communication around the cessation of their DI agreed value contracts.
ASIC Levy 2018-19
The annual ASIC funding levy is due to be paid in March. The levy has increased from last year, due to ASIC’s increasing costs. For Madison, the levy payable is $1,300 per Authorised Representative. Similar to last year, we will deduct this levy over two revenue periods, commencing in the upcoming run on 17 February. The ASIC levy does not give rise to GST.
Madison Adviser Portal
The new Adviser Portal has been available via the Madison website since December last year. This portal includes all current advice documentation and policies. Please do not use Compliance Logic as the documentation may be out of date. Access to Compliance Logic will cease in the coming weeks to avoid confusion. CLICK HERE to read the user guide for the new Adviser Portal.
Advice Document Updates
We have made some changes to some of the templates on the Adviser Portal. Please CLICK HERE to read more.
Xplan Tips
CLICK HERE for a time-saving tip in keeping your client emails up to date in Xplan.
FASEA Exam
Congratulations to all our Advisers who have passed the FASEA Exam. Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records.
CLICK HERE for the 2020 FASEA Exam and enrolment schedule and registration link.
ASIC – Updating your Details
CLICK HERE to read more about keeping your details with ASIC up to date.
News and Events from our Industry
MLC Life Insurance are updating their technology systems, this will have an impact on how you work with the provider CLICK HERE for more information and HERE to access their resources to assist your practice through this change.
The Netwealth 2020 Super Roadshow is back for its fourth year. Join Keat Chew, Head of Technical Services at Netwealth, as he explores four practical strategies you can use to elevate your superannuation advice in 2020 and beyond. Register here.
CLICK HERE for details of the Magellan Asset Management Adviser & Client Briefings 2020
Revenue Services
The next revenue payrun will be processed on 17 February 2020
OPEX has written handy guides for Madison users, available through Zen desk and the below links;
CommPay Reporting
Lodging and receipting an invoice.
Invoice Tracking Template
Xplan Navigation
Power BI webinar recording
Setting up referral arrangements in CommPay
CommPay and revenue queries – ATTN: Brokerage
support@opexconsulting.com.au
Discount Codes
FPA – When enrolling in any CFP unit note you are with Madison for a 10% discount.
Kaplan – PC-RID159
Please note our promotional code for postgraduate study to meet FASEA requirements has been updated to MADFIMFP20. Make sure you enter this code to get the new pricing of $1,600 per subject.
Helpful Information