FEDERAL GOVERNMENT

Financial planning

The Federal Government has run out of time to ensure its new foreign investment rules apply to the current financial year....

Superannuation

The Federal Government may have made its intentions for the proposed MySuper regulations reasonably clear, but many industry participants are still unsure about the best ...

Editorial

Recent reports suggesting that a group made up of industry funds, consumer groups and trade unions was ready to drop support for ‘opt-in’ if planners agreed to no longer ...

Editorial

As superannuation funds seek to move further into the provision of full service financial planning, a recent report prepared for the West Australian Government has raised...

Financial planning

The Australian Securities and Investments Commission (ASIC) has released a class order to extend the transition period for the new shorter Product Disclosure Statement (P...

Financial planning

More stringent regulations are required to prevent insolvent financial advisers reopening their businesses and avoiding paying liabilities to clients who suffered due to ...

Financial planning

The Federal Government has begun the process of phasing out pension drawdown relief....

Financial planning

The Federal Government has taken the advice of industry associations and lifted the maximum levy amount from $500,000 to $750,000 to ensure fairer distribution....

Financial planning

Means testing for super members over 50 would be a failure on behalf of the Federal Government to address two of its three main policy objectives (lower revenue costs, si...

Editorial

The Federal Government may have handed down its Future of Financial Advice (FOFA) proposals but that has not served to end uncertainty in the financial services industry....

Superannuation

Shorten introduces amendments to fix reportable superannuation rules....

Policy & Regulation

The Federal Government needs to go further in removing uncertainty and clarifying key settings around its Future of Financial Advice (FOFA) proposals, according to senior...

Funds management

Growth in China will keep commodity prices high for a few more years, even as much of the Australian equity market continues to battle in the new economic environment, ac...

Policy & Regulation

The Financial Planning Association (FPA) has called on the Federal Government to reconsider its proposed ban on life insurance commissions within superannuation, saying i...

Policy & Regulation

More than 90 per cent of financial planners responding to a Money Management survey believe that the Government's current Future of Financial Advice (FOFA) changes will h...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

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

5 months 1 week ago

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

7 months 1 week 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...

2 weeks ago

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

3 weeks 3 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

4 days 8 hours ago