ALP

Funds management

Parties’ decarbonisation plans offer opportunities for infrastructure investors

Australia is well placed to benefit of the decarbonisation thematic despite alternate pathways and pace of emission cuts proposed by the Coalition and Australian Labor Pa...

Superannuation

Every super fund will fail the YFYS test within 10 years: Labor

Shadow assistant treasurer, Stephen Jones, says he agrees with superannuation performance testing but that he will review the Your Future, Your Super benchmarking metrics...

Financial planning

FASEA contender for policy failure

If there was an Olympics Games for failure, the implementation of the Financial Adviser Standards and Ethics Authority would be a finalist, according to a Labor MP....

Financial planning

Labor backs two-year review for Better Advice

The opposition has backed the recommended two-year review of the bill as it can’t be “set and forget” and the Government’s management of standards reform has been a “trai...

Policy & Regulation

Govt faces defeat on YFYS bill

The Government’s attempts to give itself a brake on industry funds investment decisions appears headed for significant amendment in the Senate. ...

Financial planning

Frydenberg urged to make decision over ASIC chair

Treasurer Josh Frydenberg has been criticised for ‘stalling’ over the tenure of the Australian Securities and Investments Commission chair James Shipton following an expe...

Life/Risk

APRA corrects ALP on benefits of group over advised TPD

A Federal Opposition frontbencher has been warned against misinterpreting Australian Prudential Regulation Authority data to suggest that group TPD insurance delivers bet...

Superannuation

Why super funds should embrace franking credits

The Australian Labor Party might have wanted to get rid of franking credits at the last Federal Election but it is now being suggested that they should be embedded by sup...

Expert Analysis

We can’t afford to lose Hayne’s Momentum

Labor Senator Deborah O’Neill cautions AMP Limited against its treatment of financial advisers with respect to their buyer of last resort arrangements, arguing that such ...

Financial planning

Labor backs AMP advisers on BOLR

A senior Federal Opposition Senator has unloaded on AMP Limited over its handling of buyer of last resort arrangements, with the Labor Party calling for a Parliamentary i...

Financial planning

AFA, FPA and FASEA welcome passing of FASEA extension

The financial services bodies have welcomed the extension of the FASEA exam and education standards, which now have the deadline of 1 January, 2022, and 1 January, 2026, ...

Policy & Regulation

ALP shares financial services love

The Australian Labor Party has spread the focus on financial services across three members of its Shadow Cabinet team....

Superannuation

Industry funds mark both parties down on Age Pension taper

Industry funds body, the Australian Institute of Superannuation Trustees has marked down both the Labor Party and the Coalition for failing to address the Age Pension tap...

Policy & Regulation

Last report by Parliamentary Committee backs continuing vertical integration

Even though the Federal Election had already been called, the Senate Economics Legislation Committee has vetoed a One Nation bill which would have ended financial service...

Policy & Regulation

Wilson sees post-election hope for franking credits

Wilson Asset Management chairman, Geoff Wilson believes the Senate cross-benchers will help persuade a Labor Government to at least amend its policy on removing refundabl...