federal government

Policy & Regulation

Govt pressured to exclude SMSFs from DDO regime

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

Financial planning

Legacy complaints building towards 1,000

There has been no shortage of consumers and small businesses looking to file legacy complaints with the Australian Financial Complaints Authority, with data suggesting le...

People & Products

Home equity partnership announced

Smooth Retirement and Pension Boost have partnered to help retirees access home equity to improve lifestyles....

Financial planning

Is time running out for FASEA extension in 2019?

Financial advisers looking for certainty around the Financial Adviser Standards and Ethics Authority exam timetable are faced with the reality that Parliament is fast run...

Policy & Regulation

Will ASIC’s review tell the whole story on grandfathering?

The Australian Securities and Investments Commission has revealed the degree to which grandfathering will come to an end without the Government having been fully apprised...

Policy & Regulation

Hume references central adviser disciplinary body

Financial planning organisations are seeking clarity from the Government on how its proposed new central disciplinary body for financial advisers will work and how much i...

Financial planning

ASIC to review grandfathering steps

Financial services entities providing grandfathered remuneration to licensees and advisers will be scrutinised by the Australian Securities and Investments as they move t...

Policy & Regulation

FSC urges discussion on new adviser disciplinary system

The proposed new single disciplinary system for financial advisers requires further discussion, according to the Financial Services Council....

Superannuation

Govt response to grandfathered commissions disappointing: AIST

The new law does not remove the incentive for advisers to recommend poorly performing and expensive products....

Policy & Regulation

FPA urges Govt to go further Age Pension inconsistencies

The Financial Planning Association has urged the Federal Government to go further in ensuring that people are not inadvertently disadvantaged by lifting the Age Pension a...

Financial planning

Anomalies could disadvantage grandfathered clients

The Federal Government has been warned that its loosely-framed legislation risks forcing clients into worse situations when grandfathering ends....

Financial planning

Govt locks in 1 January, 2021 end to grandfathering

The Federal Government is set to introduce legislation locking in a 1 January, 2021, date for the end to grandfathered commissions....

Superannuation

NSW Police threatened by Govt’s super insurance changes

The NSW Police Force has pointed out to the Federal Government that its proposed changes to insurance inside superannuation risks damaging the insurance arrangements prot...

Superannuation

Industry funds want automatic rollovers

Industry Super Australia has claimed superannuation fund members could be more than $416 billion better off if the Government implements automatic rollovers rather than l...

Policy & Regulation

Govt urged to treat advice commissions like franking credits

If the Government applied the same logic to life/risk and grandfathered commissions as it did to refundable franking credits during the election, then it would be support...