government

Policy & Regulation

Fix conflicted remuneration or face grim future

Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....

Superannuation

Retirement income policy fractured

Governments should think about increasing the uptake of income stream products including bringing in sensible default options for retirees, the Actuaries Institute said....

Financial planning

FSI hoped to be turning point for decumulation: Challenger

One of the Financial System Inquiry’s greatest victories will be setting a path towards a decumulation framework, according to Challenger’s CEO, who said the company has ...

Editorial

Too big to fail

Mike Taylor writes that the Commonwealth Bank’s results announcement and its continued standing in the eyes of consumers suggests its financial planning woes have represe...

Financial planning

Banks told to cover all their problems

APRA uses draft guidance to tell the banks, AMP Limited, Macquarie, Suncorp and Challenger that operational separation is not an option for avoiding losses....

Superannuation

Prohibit employers’ banks from default funds - ISA

The ISA claims vertical integration and FOFA changes pose risks to fair default fund regime....

Policy & Regulation

Regulators’ ‘stakeholder’ status better defined

The Federal Government appears to have more clearly defined the boundaries of stakeholder status for ASIC and APRA....

Financial planning

Regulators told to toe the line with Government

Treasury issues ‘Statement of Expectations’ to ASIC and other Australian regulators, asking them to adhere to its broad policy framework....

Policy & Regulation

Labor commits to FOFA reimplementation

The ALP will not be forgetting FOFA and will look to reimplement its model when it returns to government....

Financial planning

Formation of Financial services export body urged

The FSC is pressing the Goverment to form a financial services export coordination body....

Policy & Regulation

Will bank alignment cost planning brands?

New research suggests bank-aligned planning groups might suffer if consumers become fully aware of their parentage....

Life/Risk

Time limit urged on TPD claims

TAL chief executive, Jim Minto, wants a time-limit imposed on late claims amid concerns that insurers are assessing claims which occurred decades ago....

Financial planning

Practices planning to grow but few intend to expand their planner numbers

Financial planning practices are keen to grow their client base in the year ahead, but few intend on boosting planner numbers to achieve this, a survey reveals....

Superannuation

FSC calls for default selection reform

The FSC and industry funds are again at loggerheads over how default superannuation funds should be selected....

Superannuation

FWC super process to cost $400 million in duplication

The FWC’s default superannuation fund selection process would cost fund members $400 million in unnecessary duplication, according to research commissioned by the FSC....