DEFAULT FUNDS

Financial planning

AIST warns against the 'dumbing down' of existing balanced super funds and a potential worsening of the underinsurance problem; ASFA calls for legislative support to impr...

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Financial planning

A new submission to the Cooper Review into superannuation has urged a prohibition of advice fees with respect to default funds....

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Superannuation

The Australian Institute of Superannuation Trustees has called on the Cooper Review to embrace the not-for-profit template for default funds while pushing SMSFs into APRA...

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Financial planning

With new research revealing that Australian superannuation fund members remained rusted on to their funds despite the GFC, there are calls for more focus on the quality o...

Financial planning

The managing director of Russell Investments, Chris Corneil, believes super funds should not expect too much from their members in terms of making asset allocation decisi...

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Editorial

Several myths have recently been propagated in relation to default superannuation funds and these demand a response, writes the Minister for Superannuation, Senator Nick ...

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Financial planning

The Minister for Superannuation and Corporate Law, Senator Nick Sherry believes that superannuation fund members should not only have access to data relating to the perfo...

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Financial planning

Claims mandated default funds is a haphazard and inconsistent exercise....

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Financial planning

"Favoured few" to benefit from default fund restrictions: Gilbert....

Financial planning

Minister continues argument on default super funds and performance data....

Financial planning

Retail financial services providers attract pension clients....

Financial planning

The introduction of super choice will give financial planners an opportunity to demonstrate the value of insurance benefits, and hopefully increase general awareness amon...

Financial planning

The Federal Government will move to override state laws in order to give employees on state based employment awards the option to choose their own superannuation fund....

Financial planning

The Federal Government has announced that it will hold another round of industry consultation on choice of fund, after new draft regulations outlining the implementation ...

Financial planning

The financial services industry has been given three short weeks by Minister for Revenue and Assistant Treasurer Mal Brough to comment on a consultation paper which will ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

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

4 months 2 weeks ago

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

6 months 2 weeks 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. ...

1 week 3 days ago

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

3 days 1 hour ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

4 days 4 hours ago