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Superannuation
The release of pre-Budget submissions suggests the Financial Services Council was influential in the Government’s decision to introduce super account stapling and perform...
Financial planning
The future of the Financial Adviser Standards and Ethics Authority is expected to be made clear in next May’s Federal Budget but, in the meantime, its funding and staffin...
Financial planning
The Australian Council of Trade Unions has condemned the Government’s proposed changes to self-managed superannuation funds structures as an estate planning vehicle and c...
Financial planning
NSW Liberal Senator, Andrew Bragg, has stated his belief the financial services industry had too much influence over Liberal Party policy and that the Coalition was wrong...
Policy & Regulation
The Government has handed the Australian Law Reform Commission the terms of reference which will underpin a major review and possible rewrite of Australia’s financial ser...
Life/Risk
The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life Insurance Framework with the issuing of Section 33 notices t...
Expert Analysis
Labor Senator Deborah O’Neill cautions AMP Limited against its treatment of financial advisers with respect to their buyer of last resort arrangements, arguing that such ...
Financial planning
IOOF’s acquisition of MLC Wealth has confirmed the multi-billion dollar exit of the major banks from wealth management in Australia at the same time as handing the firm s...
Financial planning
Major superannuation group, the Association of Superannuation Funds of Australia has backed the increased use of advisers in helping people not only deal with retirement ...
Financial planning
Former adviser and Royal Commission witness Sam Henderson has pleaded guilty to a ‘rolled up’ charge of dishonest conduct regarding his qualifications....
Superannuation
The Australian Securities and Investments Commission has reported it simply became too busy to develop a report around superannuation funds seeking to induce employers to...
Financial planning
Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...
Features
Mike Taylor writes that less than 12 months out from the Australian Securities and Investments Commission’s review of the Life Insurance Framework, the Australian life in...
Financial planning
With a mutual history within Credit Suisse, the exit of Alex Wade has seen AMP chief executive, Francesco De Ferrari lose one of his own....
Policy & Regulation
The Australian Securities and Investments Commission has confirmed that AMP Limited is facing multiple legal/regulatory issues – citing between “5 and 50”....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...