CHOICE

Financial planning

ASIC has issued a warning to advisers and their licensees after identifying deficiencies in their oversight of Choice super performance....

Expert Analysis

The annual superannuation performance test results are just days away and some Choice options will also be under the microscope for the first time, writes Craig Day....

Financial planning

Consumer group CHOICE says the timeshare industry is now on notice following the Federal Court’s first-ever decision against a timeshare provider for failing to ensure fi...

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Features

The examples of failed managed investment schemes have reopened the question around the Government’s proposed model for a Compensation Scheme of Last Resort, writes Oksan...

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Financial planning

The Compensation Scheme of Last Resort needs to include managed investment schemes, funeral insurance policies and debt management firms for the Government to fulfil its ...

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Financial planning

Senior executives should face civil penalties of up to $1 million if they breach the Financial Accountability Regime, according to consumer advocacy group CHOICE....

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Superannuation

Despite questions being raised about the appropriateness and accuracy of the prudential regulator’s heatmaps, they do underscore the importance of advice, the Financial S...

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Superannuation

The prudential regulator has published its annual MySuper heatmap along with the first Choice heatmap....

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Features

Superannuation funds need to keep up with changing community expectations that can lead to regulatory changes with the latest one regarding marketing and sponsorship expe...

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Superannuation

Following the release of Choice super data, the Australian Institute of Superannuation Trustees is calling for the Government to amend legislation to prevent any member b...

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Superannuation

Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum....

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Policy & Regulation

With the compensation scheme of last resort bill to be debated on soon, 73% of consumers support a compensation scheme for victims of financial misconduct, according to a...

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Life/Risk

Financial Services Council superannuation and life insurance members will be prohibited from the use of exclusions and restrictive disability definitions because a super ...

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Policy & Regulation

Eight consumer groups have united with eight industry bodies in opposition to the compensation scheme of last resort (CSLR) legislation in its current form....

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Policy & Regulation

Consumer bodies have joined the financial adviser bodies and the Federal Opposition in voicing their displeasure with the proposed draft legislation for the compensation ...

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adviser losses will be less severe in 2024, yes because there are next to none left. ...

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JOHN GILLIES

What does he do after three years???.He sits FEW EXAMS GETS THEM RIGHT ONCE and he can apply again promising to be a go...

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Ross Smith

I have been making this advocation for more than 10 years, that banning a financial adviser like this is hopeless like a...

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AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

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The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

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