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TREASURY
Editorial
The sole purpose test has governed the operations of Australian superannuation funds for nearly two decades but, as Mike Taylor reports, it may require some reinterpretat...
People & Products
National Australia Bank (NAB) has announced the appointment of Dr Ken Henry AC to the role of non-executive director....
Policy & Regulation
The Government's second tranche of its FOFA legislation has come down hard on shelf space fees, soft dollar and offshore conferences....
Financial planning
ASFA urges better clarity on FOFA legislation to ensure planners are not exposed to vexatious litigation over scaled advice and best interests....
Superannuation
The Government has announced a new electronic form to connect superannuation members with 5.8 million lost superannuation accounts....
Financial planning
The Government has released exposure draft legislation on the application of a goods and services tax (GST) on newly constructed residential premises....
Editorial
Despite some media reports to the contrary, Mike Taylor writes that the top 20 licensees in the financial planning industry emerged in reasonable shape from ASIC’s review...
Life/Risk
The way professional indemnity (PI) underwriters assess a financial planner's risk coupled with ambiguous regulatory guidelines means a fresh approach to product regulati...
Policy & Regulation
The AFA has released a position paper claiming FOFA has been hijacked and is failing to meet its original objectives....
Financial planning
Treasury should fix the uncertain best interest guidelines so that advisers are clear on the extent they are protected from legal claims brought by disgruntled clients, a...
Financial planning
The Government's excess contributions refund policy has been welcomed by ASFA, but the industry organisation maintains that cutting the concessional contributions cap rem...
Financial planning
Government claims opt-in would cost around $11 per financial planning client is at best questionable and, at worst, entirely misleading, writes Mike Taylor....
Financial planning
Rice Warner will present a submission explaining how it arrived at the contentious $11 per client cost of opt-in that was quoted by Financial Services Minister Bill Short...
Financial planning
A submission filed by the National Financial Services Federation has accused Assistant Treasurer Bill Shorten of pre-determining the outcome of changes to credit protecti...
Financial planning
A new Money Management survey reveals most planners believe opt-in will cost $100 per client - not the Government's $11 figure....
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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,...