By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...
Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...
Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...
AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....
A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...
The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....
There are false assumptions by Treasury in its 23 June 2023 IFM Final Report which likely misled The Treasurer to reintroducing the anti-competitive ASIC Supervisory Cost Recovery Levy ACT (2017) which levies AFSL licensees who have done no wrong, after ASIC has already paid Treasury the penalties and fines paid by wrong doers, so Treasury is doubling up, ie, Hon Stuart Robert said in early 2023 that Treasury is making 1.6 times ASIC's enforcement costs, because penalties and fines are not accounted back to the $44.6 million levy gross. It is crook Treasury accounting. AFA found this 3 years ago and reported to financial advisers. SIAA also reported this to the Senate Economics References Committee in online Hearing dated Wednesday 3 October 2023. The Treasurer should be ashamed at punishing the financial adviser workers of Australia, because we work with high professional skill due diligence against a plague of problems in the products of financial institutions for no fee or compensation! Two wrongs do not make it right in these Domestic Governance failings, when there should be 200,000 financial advisers in Australia, not 16,000.