2 July 2020 News
Happy New Financial Year! Whilst not widely celebrated anymore (we have become too busy), for Madison it signals a new owner and a new beginning. That is worth celebrating. Often a New Year triggers moment of self-reflection, calls to action and the intrepid resolution! Well intended resolutions often falter within days/weeks of their commencement. It’s a flawed human concept unless the resolution you make really means something to you.
Last month, I had the pleasure of listening to very meaningful conversations about your business aspirations for the next twelve months. What I heard resonated because it was easy to see how important these goals and objectives are to you (sound familiar?). The first six months of 2020 required adaptive leadership, where ‘necessity became the mother of invention’. As leaders of your business, you can probably point to the moment in time where this change occurred. The lessons learned and obstacles overcome have set the foundation for the next twelve months. Use this foundation as the springboard for a prosperous FY21.
In a recent McKinsey article about the Corporate Corona virus ‘aftermath’ the authors wrote, ‘Companies will define what they do in the crucible of COVID-19 response—or be defined by it.’
I believe our community has proven we are the former. The article lists some principles which might help shape your business planning for the year ahead.
- Understand how acute your stakeholders’ needs are now
- Think about the changes you’ve already made to ensure you stay connected. What worked? What didn’t?
- Bring your greatest strengths to bear
- This is intuitive, we all know when we’re ‘in the zone’
- Test your decisions against your purpose
- Every conversation I’ve had with a Principle to hear about the 12-month plan is anchored to their purpose (you’ve got this!).
- Involve your employees in the solution
- Who in your team has come up with creative solutions during social isolation? If you’re looking for clues, have a chat to the team from Mad About Life!
- Lead from the front
- Self-explanatory. Your clients have sought your leadership during difficult times on many occasions. It’s in your DNA.
Next month, when we host our Good Governance Summit, I’ll share our 100 day plan and the strategic priorities. There are things underway already. This first of this is our new Advice Integration Manager, a role to help support our practices maximise efficiency with business processes and software applications, starting with xplan. During the due diligence process with Rod Bristow and the Clime Executive, the Adviser Panel raised the need for more support in this area, As a result, I’m delighted to announce Megan Thomson has joined our team and will be working with you in this capacity.
How we decided to face this year will define how we succeed. Our team believe we have a great opportunity ahead of us within the Clime community and we’re eager to get on with it.
Sincerely,
Annick
Transition Update
In the Adviser Portal we have created the Madison Transition Plan. We’ve included a timeline with calls to action and an FAQ. Your first action is to check and review the new FSG that has been sent to each practice Principal for review. Please contact us if you have any questions.
Welcome to Megan Thomson
We are excited to introduce the latest addition to the Madison team, Megan Thomson.
Madison Investment Market Update
Please see this weeks Madison Investment and Insurance Committee update dated 2 July.
Three- month CPD relief for Advisers
A welcome announcement was made by FASEA on 25 June. CLICK HERE to read more.
Clime Australian Fixed Income Fund – 5 years and counting
Congratulations to the Clime team! Read more HERE.
FASEA News
CLICK HERE to read the latest on the FASEA exam extension and tips for sitting the exam.
Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records on ASIC.
Canva
We have created a Madison Canva enterprise account for our community. This gives your practice the freedom to choose and create thousands of templates and submit designs for approval through Canva by the Governance team.
For example, CLICK HERE to create your own email signature.
Other templates have been created within the Madison Team in Canva. If you haven’t yet received your invitation to join our team, please email adviserservices@madisonfg.com.au
Good Governance Summit – August 2020
We have a confirmed date for the Good Governance Summit in the week of 10 August. We will be announcing the agenda and providing registration links tomorrow.
News and Events from our Industry
Onecare product and pricing changes. Zurich is implementing a number of product and pricing changes to OnePath Life’s OneCare product. The relevant changes will also apply to OneCare Super and will be effective from Wednesday 15th July 2020. Please click here for further details.
Zurich/OnePath have developed _Zone an online education program, designed to guide you through the professional development you need as an adviser to meet the challenges of today and tomorrow. CLICK HERE to check out what is available.
OnePath Clarity Engage houses tools and white-labelled materials that advisers can use in their discussions with clients about the importance of insurance. This material includes customisable templates for flyers, newsletters and social media posts and the content covers five key areas:
- The value of advice and insurance
- Understanding premiums
- Building confidence in claims
- Reviewing your cover
- Wading through complexity
Adviser Guide to Surviving in a Pandemic
CLICK HERE to read through the latest version of our guide to getting through the COVID-19 pandemic.
ASIC Updates
Please CLICK HERE to review the data ASIC is required to be updated on.
Revenue Services
The next revenue payrun will be processed on 16 July 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 let them know Madison is your licensee for a 10% discount.
Kaplan – PC-RID159
The 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
We have updated our contact list to include our new email addresses.
2 July 2020 News
Happy New Financial Year! Whilst not widely celebrated anymore (we have become too busy), for Madison it signals a new owner and a new beginning. That is worth celebrating. Often a New Year triggers moment of self-reflection, calls to action and the intrepid resolution! Well intended resolutions often falter within days/weeks of their commencement. It’s a flawed human concept unless the resolution you make really means something to you.
Last month, I had the pleasure of listening to very meaningful conversations about your business aspirations for the next twelve months. What I heard resonated because it was easy to see how important these goals and objectives are to you (sound familiar?). The first six months of 2020 required adaptive leadership, where ‘necessity became the mother of invention’. As leaders of your business, you can probably point to the moment in time where this change occurred. The lessons learned and obstacles overcome have set the foundation for the next twelve months. Use this foundation as the springboard for a prosperous FY21.
In a recent McKinsey article about the Corporate Corona virus ‘aftermath’ the authors wrote, ‘Companies will define what they do in the crucible of COVID-19 response—or be defined by it.’
I believe our community has proven we are the former. The article lists some principles which might help shape your business planning for the year ahead.
- Understand how acute your stakeholders’ needs are now
- Think about the changes you’ve already made to ensure you stay connected. What worked? What didn’t?
- Bring your greatest strengths to bear
- This is intuitive, we all know when we’re ‘in the zone’
- Test your decisions against your purpose
- Every conversation I’ve had with a Principle to hear about the 12-month plan is anchored to their purpose (you’ve got this!).
- Involve your employees in the solution
- Who in your team has come up with creative solutions during social isolation? If you’re looking for clues, have a chat to the team from Mad About Life!
- Lead from the front
- Self-explanatory. Your clients have sought your leadership during difficult times on many occasions. It’s in your DNA.
Next month, when we host our Good Governance Summit, I’ll share our 100 day plan and the strategic priorities. There are things underway already. This first of this is our new Advice Integration Manager, a role to help support our practices maximise efficiency with business processes and software applications, starting with xplan. During the due diligence process with Rod Bristow and the Clime Executive, the Adviser Panel raised the need for more support in this area, As a result, I’m delighted to announce Megan Thomson has joined our team and will be working with you in this capacity.
How we decided to face this year will define how we succeed. Our team believe we have a great opportunity ahead of us within the Clime community and we’re eager to get on with it.
Sincerely,
Annick
Transition Update
In the Adviser Portal we have created the Madison Transition Plan. We’ve included a timeline with calls to action and an FAQ. Your first action is to check and review the new FSG that has been sent to each practice Principal for review. Please contact us if you have any questions.
Welcome to Megan Thomson
We are excited to introduce the latest addition to the Madison team, Megan Thomson.
Madison Investment Market Update
Please see this weeks Madison Investment and Insurance Committee update dated 2 July.
Three- month CPD relief for Advisers
A welcome announcement was made by FASEA on 25 June. CLICK HERE to read more.
Clime Australian Fixed Income Fund – 5 years and counting
Congratulations to the Clime team! Read more HERE.
FASEA News
CLICK HERE to read the latest on the FASEA exam extension and tips for sitting the exam.
Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records on ASIC.
Canva
We have created a Madison Canva enterprise account for our community. This gives your practice the freedom to choose and create thousands of templates and submit designs for approval through Canva by the Governance team.
For example, CLICK HERE to create your own email signature.
Other templates have been created within the Madison Team in Canva. If you haven’t yet received your invitation to join our team, please email adviserservices@madisonfg.com.au
Good Governance Summit – August 2020
We have a confirmed date for the Good Governance Summit in the week of 10 August. We will be announcing the agenda and providing registration links tomorrow.
News and Events from our Industry
Onecare product and pricing changes. Zurich is implementing a number of product and pricing changes to OnePath Life’s OneCare product. The relevant changes will also apply to OneCare Super and will be effective from Wednesday 15th July 2020. Please click here for further details.
Zurich/OnePath have developed _Zone an online education program, designed to guide you through the professional development you need as an adviser to meet the challenges of today and tomorrow. CLICK HERE to check out what is available.
OnePath Clarity Engage houses tools and white-labelled materials that advisers can use in their discussions with clients about the importance of insurance. This material includes customisable templates for flyers, newsletters and social media posts and the content covers five key areas:
- The value of advice and insurance
- Understanding premiums
- Building confidence in claims
- Reviewing your cover
- Wading through complexity
Adviser Guide to Surviving in a Pandemic
CLICK HERE to read through the latest version of our guide to getting through the COVID-19 pandemic.
ASIC Updates
Please CLICK HERE to review the data ASIC is required to be updated on.
Revenue Services
The next revenue payrun will be processed on 16 July 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 let them know Madison is your licensee for a 10% discount.
Kaplan – PC-RID159
The 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
We have updated our contact list to include our new email addresses.