ASFA

Superannuation

Some of the worst-performing super products have been carved out of the performance test putting consumers at risk of being stapled to a dud fund, according to the Austra...

Funds management

Women retire on average with a balance of $122,848 in super compared to men who, on average, retire with $154,453, according to the Association of Superannuation Funds Au...

Superannuation

There is a very real chance that many super members will fall short financially when they retire as only 20% of members have consistently topped up their fund, according ...

Superannuation

Superannuation industry associations may be facing significant consolidation as the Government’s new legislation forces to superannuation funds to justify spending member...

Superannuation

Around 80% of people aged 60 who died between 2014 and 2018 had no superannuation in the period of up to four years before their death, according to research....

Superannuation

Lower income purchases would be either less able or unable to take advantage of superannuation tax benefits, according to a report....

Superannuation

Senator Jane Hume says her greatest frustration is the disconnect between what she is being told by superannuation funds and what she is being told by industry bodies....

Financial planning

The financial planning industry will start working together to allow those currently excluded from getting advice to be included and the fear of providing complaint advic...

Superannuation

There has been a 10% increase in labour productivity in the last eight years and not a cent has gone to wages, and more money in superannuation can help fund public renta...

Policy & Regulation

On the eve of a major superannuation conference, the Australian Securities and Investments Commission has reminded superannuation fund trustees the degree to which they w...

Financial planning

The cost of delivering advice could be reduced for both advisers and superannuation funds if the Australian Securities and Investments Commission delivered a templated re...

Financial planning

A major superannuation group wants amendments which would see advisers empowered to agree the scope of advice with clients upfront....

Superannuation

Superannuation funds have warned the Government that its proposed new performance test regime risks rewarding short-termism and denying members the benefits of medium to ...

Financial planning

While currently finalising a review based on samples of intra-fund advice, the Australian Securities and Investments Commission has used an article to explain that intra-...

Financial planning

The Federal Government has made at least some concessions to financial advisers with new legislation at least simplifying some elements of fee disclosure while making cle...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago