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Financial planning
According to advisers, the decision to streamline ongoing document requirements following the Quality of Advice Review will alleviate much of the red tape involved in the...
Financial planning
The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies....
Funds management
The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...
People & Products
Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board....
Financial planning
Minister for financial services, Stephen Jones, has blamed the federal budget for the delays to the Quality of Advice Review but said he is expectant of a position by Jun...
Financial planning
The Financial Services Council and Financial Advice Association Australia have welcomed the 2023 budget from Treasurer Jim Chalmers but feel there is a lack of informatio...
Superannuation
Indexing the $3 million threshold and using actual earnings to calculate tax are among suggestions from associations to the Treasury super concession consultation, descri...
Policy & Regulation
The Albanese government’s proposed changes to super tax breaks risks unintentionally burdening half a million Australians, according to a new analysis from a peak industr...
People & Products
The Council of Australian Life Insurers had completed its board make-up with nine representatives from the industry including seven chief executives....
Financial planning
Former FSC chief executive, John Brogden, has stated his “greatest concerns have been realised” around advice accessibility, cautioning the QOA review needs bold ambition...
Life/Risk
The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....
People & Products
Money Management has reviewed this year’s biggest people moves throughout the industry’s numerous financial organisations....
Financial planning
There is debate among industry associations about the benefits of a ‘rules advisory committee’ as proposed by the Australian Law Reform Commission....
Financial planning
The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...
Financial planning
FSC research has found the proposals would help retirees draw down $22.5 billion more from their super and increase life insurance uptake. ...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...