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PRODUCTIVITY COMMISSION
Financial planning
The Productivity Commission has been told that the cost of changing the rules around the provision of ‘general advice’ could run into millions of dollars....
Financial planning
The Productivity Commission chairman, Peter Harris, has claimed the Future of Financial Advice increased market concentration while suggesting planners should be allowed ...
Policy & Regulation
The mortgage broking industry is facing the prospect of a consumer best interest duty as a result of Productivity Commission scrutiny....
Policy & Regulation
The Productivity Commission is urging that the regulators be given more power to drive competition in the financial services industry....
Financial planning
The Productivity Commission has agreed the term ‘general advice’ is misleading and should be changed, with advice being regarded as being owned by professional advisers....
Financial planning
MLC Life Insurance is urging regulatory flexibility to facilitate greater use of robo technology in the life/risk advice space....
Financial planning
AMP Limited has claimed there is no evidence to substantiate claims that 'independent' financial advice is of better quality than that delivered by planners working withi...
Financial planning
The CBA was the first bank yesterday to announce it was removing ATM withdrawal fees, and was quickly followed by the other majors amid continuing calls for a Royal Commi...
Financial planning
Even well-meaning financial planners may not always be competent to advise on complex superannuation issues, according to a submission filed with the Productivity Commis...
Superannuation
The Productivity Commission has been asked to consider why APRA-regulated funds do not allow their members to achieve the same tax outcomes as members of SMSFs....
Policy & Regulation
The Australian Bankers’ Association has called for a change to tax reforms as part of a review into how public sector services are funded....
Superannuation
Retail funds and self-managed superannuation funds have outstripped industry funds for member satisfaction mostly due to higher account balances, according to the latest ...
Superannuation
Industry Super Australia has attacked the direction of the Productivity Commission’s latest superannuation inquiry arguing it is too focused on competition while ignoring...
Superannuation
Superannuation fund members are being ill-served by the current group superannuation regime and should be made to opt-in, according to insurer, ClearView....
Financial planning
A Royal Commission will trump any Productivity Commission scrutiny of vertical integration in the financial services sector, according to Federal Opposition leader, Bill ...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...