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Financial planning
The Association of Independently Owned Financial Professionals is “cynical” of the Financial Services Councils’ recommendations and believe there are flaws....
Financial planning
The advice group supports many of recommendations of the white paper but has questioned the motives of the Financial Services Council and whether risk advisers should tru...
Financial planning
Simplifying advice costs and tackling the difference between ‘advice’ and ‘general information’ are steps that will be a “giant leap forward” for the advice industry, acc...
Financial planning
The ‘White Paper on Financial Advice’ has received industry support from the Financial Planning Association of Australia who say it is aligned with the association’s poli...
Financial planning
The Financial Services Council has created a blueprint for a simplified financial advice regulatory framework that claims it could reduce advice costs to $3,466 and save ...
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 ...
Financial planning
October sees the introduction of further Royal Commission recommendations and design and distribution obligations, heaping further pressure on financial advisers. ...
Policy & Regulation
The Government’s proposed compensation scheme of last resort will likely have a future cost of advice failures that is $8 million higher than the Government forecasts....
Policy & Regulation
The Federal Government will begin consultation on finalising its Corporate Collective Investment Vehicles regime, which aims to benefit foreign investment in Australian m...
Financial planning
The two industry bodies are working on a set of requirements to support an industry standard on advice fee consent and arrangements as it believes solutions to fee comple...
Life/Risk
The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...
Funds management
To increase gender diversity in key decision makers in asset management, a deliberate and focused strategy is needed, according to a panel....
People & Products
To achieve this target in time, two-thirds of future investment management team hires will need to be women....
Superannuation
The Your Future, Your Super regulation will finally make the much-debated stapling measurements a “reality” for members and encourage competitiveness between superannuati...
Funds management
Without the removal of certain tax barriers, fund managers could opt to only service Australian clients from overseas, according to the Financial Services Council....
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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...