government and regulation

Superannuation

Funds should self-regulate on governance, says Lally

Self-regulation on governance is preferable to Government regulation, according to outgoing ASFA chair Tony Lally. ...

Superannuation

Two bodies representing industry super funds have called for improvement in the quality of advice provided to clients, questioning some of the drivers behind the growth o...

Financial planning

Sinodinos sends signal on conflicted remuneration

Sinodinos signals changes on FOFA conflicted remuneration based on more specifics....

Policy & Regulation

Board of Taxation extends act review

The Board of Taxation will extend its review of a section of the Income Tax Assessment Act 1936 to include the tax framework in which private business operates....

Superannuation

ISA lauds Fair Work Commission on default formula

ISA chief executive David Whiteley welcomes Fair Work Commission’s formula on default fund selection....

Financial planning

Sinodinos outlines Govt FOFA objectives

Sinodinos confirms Government’s intentions and timetable on FOFA changes along with moratorium on major change during Financial Systems Review....

Funds management

ASIC warns against unlicensed SMSF property endorsement

ASIC has signalled a crackdown on unlicensed property spruikers who advocate self-managed superannuation fund (SMSF) investment without the proper authority...

Financial planning

ASIC rejects report citing bullying and harassment

ASIC has rejected a Money Management report of a union submission citing a culture of bullying and harassment....

Superannuation

SPAA wants super contribution cap above $35,000

SPAA wants the Coalition Government to increase the concessional contribution cap above the current $35,000 limit....

Financial planning

ANZ sings ASIC’s praises

ANZ Banking Group is the only major market participant which did not identify any issues with the workings of ASIC. ...

Financial planning

ASIC annual spend climbs as fees reap windfall

Regulator spends big but earns its keep for Commonwealth...

Financial planning

Grandfathering may divide advice industry

Grandfathering has the potential to split the ranks of financial planners into two camps. ...

Superannuation

Super issues too hot to handle for Govt

Negative gearing, capital gains and franking credits are off limits in government discussions, according to senior super industry figure....

Financial planning

ASIC should be self-funded, says ISA

Rather than relying entirely on the budget the Government allocates to it, ASIC should adopt a self-funding model, according to ISA....

Life/Risk

ASIC’s churn intentions clear, says lawyer

ASIC has made it clear it would like to see life insurance commissions banned as it would be the most effective way of combating churn, according to The Fold Legal managi...