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FSC
Superannuation
Contributions into APRA-regulated funds fell by $1 billion in the September quarter, with the biggest drop seen in discretionary contributions....
Superannuation
The Financial Services Council (FSC) has welcomed legislation that supports fund mergers through an exemption on capital gains tax (CGT)....
Superannuation
Australians and New Zealanders can consolidate their Australian and New Zealand earned retirement savings after the Federal Government passed the trans-Tasman retirement ...
People & Products
AIST chief executive Fiona Reynolds will leave her position to take on a new role as managing director for the UNPRI in London....
Editorial
With ASIC's Peter Kell pointing to a level of life insurance policy churning to warrant regulatory concern, it is time for a clear definition of 'churn'....
Life/Risk
The Financial Services Council (FSC) is understood to be close to reaching a compromise on its so-called Life Insurance framework which, if agreed, would give advisers a ...
Financial planning
Synchron director Don Trapnell has called the FSC's proposed adviser remuneration model anti-competitive....
Life/Risk
ASIC Commissioner Peter Kell told Money Management there was enough life policy churning in the financial advice industry for the regulator to be concerned about the issu...
Superannuation
Key sections of the financial services industry have lamented the Productivity Commission's failure to open up the default funds arena to more competition by removing man...
Editorial
On all the available evidence, the financial services industry is well on its way to finding a remuneration formula capable of meeting both the Government's requirements ...
Life/Risk
Senior life/risk executives have told a Money Management roundtable that identifying real churn requires a closer understanding of lapse rates....
Editorial
With Baby Boomers starting to enter retirement, there is a growing realisation that retirement incomes products are insufficient and in need of an overhaul....
Editorial
A Money Management/Association of Financial Advisers forum dealing with the Financial Services Council’s framework on life/risk remuneration uncovered strong feelings and...
Life/Risk
Regardless of the final shape of the FSC's proposed risk insurance framework, significant change is inevitable for the businesses of risk advisers, according to Guardian ...
Life/Risk
Financial Services Council chief executive John Brogden has defended the FSC's position with regards to a controversial insurance commission policy, but apologised if it ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...