RC | Money Management

RC

Policy & Regulation

When the new assistant minister for Superannuation, Financial Services and Financial Technology, Jane Hume is sworn in tomorrow she will face some significant challenges ...

Financial planning

Have product providers jumped the gun on grandfathering?

Financial advisers have expressed concern and anger at product manufacturers who have written to advice clients informing them how to switch off grandfathered commissions...

Superannuation

Morrison’s election doesn’t guarantee super policy stability

Rice Warner has warned that the Coalition’s election doesn’t mean the superannuation industry will see a period of policy stability, with some areas of possible reform in...

Financial planning

Wide disparity in planning practice valuations

Got an indifferent planning business with high exposure to grandfathered commissions and less than thorough paperwork? Don’t expect to be rushed by potential buyers....

Policy & Regulation

ANZ P&I deal with IOOF on track, with caveat

The transaction underpinning the transfer of the ANZ OnePath Pensions and Investments business to IOOF remains on track, but ANZ has made clear it is continuing to monito...

Funds management

IOOF’s flows deliver telling story

IOOF remained positive despite third quarter fund inflows well down on the previous corresponding period....

Life/Risk

Insurance advisers may be safe from anti-hawking laws

Changes to anti-hawking regulations likely won’t impact insurance advisers as their discussions with clients on risk products generally fall within regulatory definitions...

Financial planning

RC didn’t slow job growth in fin services

Job opportunities within the finance and insurance services sector were up 10 per cent in the first quarter of 2019, according to Sunsuper’s Australian Job Index. ...

Policy & Regulation

Banks defend vertical integration

The Australian Banking Association has defended vertical integration and the ability of the major banks to self-regulate when it comes to ‘simplifying’ such structures....

Policy & Regulation

Advisers avoid ASIC enforcement spotlight

Financial advisers were notable by their absence from the Australian Securities and Investments Commission’s latest Enforcement Update....

Superannuation

Minimal super changes welcomed by Actuaries

A positive budget outlook should spur important long-term policy direction, according to the Actuaries Institute....

Policy & Regulation

RC missed mark on vertical integration says Fels

Former Australian Competition and Consumer Commission chairman, Professor Alan Fels has criticised the Royal Commission for failing to address the problems of bank vertic...

Superannuation

Does size matter for MySuper options?

For all the fuss about scale in the super industry, new data has shown that members in some of the top funds’ MySuper options saw limited differences in returns regardles...

Financial planning

FASEA Ethics Code could’ve prevented RC misconduct

Following the FASEA Code of Ethics could prevent misconduct of the type uncovered by the Banking Royal Commission even though they aren’t subject to legal penalties, acco...

Financial planning

FASEA could impose specialisation training within two years

The move to require specialist qualifications to give advice on SMSFs could come from the Financial Adviser Standards and Ethics Authority within two years, according to ...