Why did government exclude sunset clause from experience pathway?

experience-pathway/treasury/Stephen-Jones/sunset/

The government has clarified details on why a sunset clause is excluded from experience pathway legislation, introduced to the House of Representatives this week, despite industry pushback during the consultation period.

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QAR measures to ease advisers’ burden

quality-of-advice-review/QAR/viridian/the-advisers-association/smsf-association/FSC/Midwinter/

According to advisers, the decision to streamline ongoing document requirements following the Quality of Advice Review will alleviate much of the red tape involved in the profession.

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Perth adviser faces court for allegedly stealing $1m from clients

Gavin-Fineff/ASIC/gambling/

A Western Australian financial adviser is on trial for allegedly stealing $1 million from the superannuation accounts of eight clients to fund his gambling habit.

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OnePath Custodians receives $1.4m fine from APRA

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OnePath Custodians has been fined $1.46 million for failing to direct 125 member contributions to a MySuper product.

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Industry says ‘concerns were heard’ with QAR response

quality-of-advice-review/QAR/vanguard/FSC/insignia-financial/Sarah-Abood/

The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies.

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What’s inside the government’s formal QAR response?

quality-of-advice-review/Michelle-Levy/QAR/

The government has issued its formal response to the Quality of Advice Review,  covering removing regulatory red tape, expanding access to retirement income advice and exploring new advice channels.

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Super funds to benefit in QAR response

Superannuation/Association-of-Superannuation-Funds-of-Australia/quality-of-advice-review/

Superannuation funds are expected to be the big winners in this year’s Quality of Advice Review as Association of Superannuation Funds Australia deputy chief executive, Glen McCrea, welcomes the formal response.

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Industry panel hopeful of role for banks to close advice gap post-QAR

banking/Superannuation/quality-of-advice-review/CFS/HUB24/abrdn/

A panel of industry experts believe there is a role for banks to play in providing advice but are expectant of the Quality of Advice review‘s recommendations focusing on superannuation funds.

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What does EOFY have in store for advisers?

end-of-financial-year/EOFY/financial-advice/social-security/superannuation-funds/

With the end of financial year around the corner, maximising concessional super contributions and 2024 tax planning will be on advisers’ minds.

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Count taps private equity specialist for board

Count-Financial/private-equity/M&A/wealth-management/

Count has appointed a private equity specialist to its board as a non-executive director, indicating further acquisitions could be on the horizon.

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