government

Superannuation

FWC super process to cost $400 million in duplication

The FWC’s default superannuation fund selection process would cost fund members $400 million in unnecessary duplication, according to research commissioned by the FSC....

Policy & Regulation

FOFA changes not necessarily riskier - APRA

The Australian Prudential Regulation Authority has refused to conede that the Government’s FOFA changes will generate more risk....

Financial planning

BT floats planner rating system

Financial planners' performance should be given a rating by customers and scores made readily available on a central register, BT Financial Group believes. ...

Superannuation

ATO targets SMSFs and home loan unit trusts

The ATO has warned SMSF trustees about inappropriate use of home loan unit trusts and the risks entailed in attending overseas SMSF conferences....

Editorial

Moving beyond FOFA to cure industry ills

Mike Taylor writes that the financial planning industry must lobby the Palmer United Party to defend hard-won FOFA gains. ...

Policy & Regulation

Moves by the Federal Government to introduce an enhanced register of financial advisers are being backed by the FPA and FSC....

Policy & Regulation

Key accommodations ensure FOFA changes

A letter written by Senator Mathias Cormann to Clive Palmer confirms the concessions that were necessary to ensure passage of the regulations changing FOFA....

Policy & Regulation

AFA thankful FOFA reforms will stand

The Association of Financial Advisers has thanked the Palmer United Party “for its proactive action” in voting down a move to disallow the Government’s FOFA reforms....

Policy & Regulation

PUP support ensures FOFA reform regulations stand

Support from the Palmer United Party has ensured a move by the Australian Labor Party to disallow the Government’s Future of Financial Advice regulations failed in the Se...

Policy & Regulation

FPA compels Palmer, cross benchers to support FOFA changes

The FPA has written to Clive Palmer and fellow cross benchers to try and correct what it calls media “misinformation” around FOFA changes. ...

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Superannuation

Retirees no drag on economy: Actuaries Institute

Far from being a drain on the economy, Australia’s retirees have the potentials to be core to helping rebuild the nation’s infrastructure for years to come, a report from...

Policy & Regulation

FOFA regulatory changes facing disallowance

The Senate could disallow the Government’s FOFA changes as early as Monday unless cross-bench and PUP senators can be persuaded otherwise....

Superannuation

Time to rethink portfolio construction

Superannuation funds must change their asset allocation to accommodate the evolving income and liquidity requirements of members, Mark Thomas writes....