PIPA In the News

Thu
13 Jun
2013

Regulation in property investment 'critical'

Regulation of property investment advice is one solution to protect consumers against "spruikers and unscrupulous operators" in the self-managed super fund (SMSF) sector, according to the Property Investment Professionals of Australia (PIPA).

There is "no doubt" that property spruikers have become more active in encouraging investors to set up an SMSF for the purpose of buying property Ben Kingsley, chair of PIPA, told SMSF Adviser.

Tue
28 May
2013

PIPA upholds anti-spruiker campaign

Property Investment Professionals of Australia (PIPA) has continued the call for caution in light of recent spruiker concerns, urging investors to ensure full due diligence is carried out before signing the dotted line.

PIPA chair, Ben Kingsley, says the opportunity for investment in property is 'incredibly attractive' right now.

Wed
01 May
2013

Prime time for property investment

Market forces are aligning to produce arguably the best property investment conditions we have seen for some time, Property Investment Professionals of Australia (PIPA) chair Ben Kingsley has claimed.

"The current environment is bringing a new wave of investment activity and great opportunities for financial services professionals including brokers," Mr Kingsley said.

Wed
01 May
2013

Property an opportunity for planners

Financial planners should consider specialising in property investment to take advantage of current market forces, according to Property Investment Professionals Association of Australia chair Ben Kingsley.

With four cash rate cuts in 2012 bringing the official cash rate down to an historic low of 3 per cent in 2013, Kingsley said an abundance of attractive home loans had sprung up along with a new wave of investment activity in the property sector.

Fri
19 Apr
2013

Concerns about unscrupulous property spruikers remain

The Property Investment Professionals of Australia welcomes the release of the Australian Securities and Investment Commission first SMSF taskforce findings.

PIPA applauds the regulator for its recognition of concerning property spruiking activities with regards to self-managed superannuation funds.

The report, which focused largely on the standard of advice provided to SMSF trustees, found that the majority of advice provided is 'adequate' but it noted pockets of 'poor' advice, particularly with regards to recommendations that investors set up an SMSF in order to invest in real property.

Mon
18 Mar
2013

SMSF confusion putting Aussie's retirement at risk

Property Investment Professionals of Australia (PIPA) says it's growing increasingly concerned over a perceived lack of regulation surrounding property investment, particularly with regard to SMSFs and is calling on ASIC and the Government to take action.

According to the organisation, financial services professionals remain tentative as to just who can legally guide SMSF customers through the process of investing in property.

PIPA chair, Ben Kingsley, says despite repeated public discussion, professionals in the financial services industry remain confused as to who can recommend property for investment within an SMSF.

Fri
15 Mar
2013

Retirement of millions at risk: PIPA

Property Investment Professionals of Australia (PIPA) reports growing increasingly concerned over a perceived lack of regulation surrounding property investment, particularly with regard to SMSFs.

According to the organisation, financial services professionals remain tentative as to just who can legally guide SMSF customers through the process of investing in property.

Wed
13 Feb
2013

Seek specialised advisers for SMSF property: PIPA

Most financial planners don't have the skills to give specialised property advice, so PIPA is asking for advisers working in the area to upskill to become specialised property advisers, Kingsley said.

The other option is to work on a referral basis so clients are still able to get specialised advice, he said.

"The adviser's going to have to make a decision themselves in terms of whether they think they can upskill," he said.

Thu
31 Jan
2013

Deeper data needed for investment insight

Many property investors know to get the different sets of data for the suburb they are analysing, but few are taking the next necessary steps, a panel of experts has revealed.

In conjunction with the Property Investment Professionals of Australia (PIPA), the peak organisation for the property industry, Smart Property Investment held a meeting of six leading minds in property investment earlier this week.

Asking the panel their thoughts about the current data available, editor of Smart Property Investment magazine, Phillip Tarrant, said: "We go to all the different property shows and we take our magazines there. Whenever anyone picks it up the first thing they do is flick straight to the back and look for the suburb they're trying to buy in.

Wed
23 Jan
2013

Property investment advice needs improving: PIPA

Property Investment Professionals of Australia (PIPA) has announced an ambitious strategy to raise the professional standards of property investment advice.

According to PIPA chair Ben Kingsley, the association is calling on all professional practitioners – including mortgage brokers, financial planners, accountants and estate agents – to join forces and increase the professionalism of the property investment industry.

"There are more than 80,000 professionals, employed either directly or indirectly within the property investment industry, giving opinions and advice to consumers," he said.

 

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