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Amid strong questioning by Government parliamentarians about how regulators monitor the superannuation sole purpose test, APRA has admitted it has only pursued one such case in the past 30 years.
Frivolous and vexatious consumers should be made to pay for their persistent use of the Australian Financial Complaints Authority against advisers, according to the Financial Planning Association.
Life insurance claims specialist, Col Fullagar says life insurers appear to be falling back into their bad old ways, including using the Government’s COVID-19 stimulus measures such as JobKeeper against people on claim.
Count continues to target the IOOF/MLC Wealth acquisition has a recruiting ground for firms and planners.
The Federal Government has been accused of extraordinary and undemocratic legislative over-reach by trying to gain control of how superannuation funds invest on behalf of their members.
