The Australian Securities and Investments Commission claims it is ‘capex poor’ and is seeking more funding from Treasury arguing that if it was allowed greater capital ex...
The Association of Financial Advisers has directly questioned whether small advice firms are paying more in ASIC levies to pay for the advice misdeeds of banks and other ...
Financial advisers have been querying whether the Government’s proposed annual superannuation performance test could lead to some MySuper funds to review their investment...
Mike Taylor writes that the Government’s Your Future, Your Super Budget announcement might look good at first blush but contains a number of wrinkles which need to be iro...
The release of pre-Budget submissions suggests the Financial Services Council was influential in the Government’s decision to introduce super account stapling and perform...
The future of the Financial Adviser Standards and Ethics Authority is expected to be made clear in next May’s Federal Budget but, in the meantime, its funding and staffin...
Poorly-performing superannuation funds need to be identified and weeded out before the Government embarks on stapling....
The Federal Budget lacks any measures to improve the access of financial advice nor does it have measures to support self-funded retirees, the Association of Financial Ad...
The devil will be in the detail and so all the key elements of the superannuation industry want the Government to enter into meaningful consultation around its superannua...
The latest data around the Government’s hardship early release superannuation regime has confirmed that only mega-funds could have coped with the level of outflows genera...
The Australian Council of Trade Unions has managed to span the political spectrum in organising an “emergency summit” on the future of the superannuation guarantee....
A pause in the superannuation guarantee at its current 9.5% is looking almost certain in next month’s Budget and no one is ruling out a further extension to hardship earl...
The SMSF Association has welcomed the Government’s proposed changes regarding calculating ECPI and increasing the age where the work test for making contributions to supe...
The Financial Planning Association has welcomed last night’s Federal Budget, but cautioned that using ASIC’s industry funding model to pay for implementing Royal Commissi...
The Australian Securities and Investments Commission has announced increases in its levy demands on financial planning firms despite substantial increases in funding to b...
trustees are already requesting such confirmations when advisory fees (even via fixed term agreements) are deducted from...
CSLR should be broken down into 2 sub sectors, one for product manufacturers and one for financial advisers. Product ma...
We must stand up and show our opposition to both the ASIC Levy and CSLR as they both contribute to the high cost of advi...