GOVERNMENT

Financial planning

The effectiveness of professional indemnity is in the spotlight as the Government commissions full consideration of a last resort compensation scheme....

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Policy & Regulation

The Government has been warned against allowing the new licensee self-reporting regime to result in people being named and shamed without adequate proof....

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Policy & Regulation

The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...

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Policy & Regulation

The Government has been warned that there are significant tax treatment shortcomings in draft legislation being contemplated to underpin the new MyRetirement regime capab...

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Policy & Regulation

The Government must formally rule out lifting Age Pension eligibility to 70, according to the Australian Institute of Superannuation Trustees....

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Life/Risk

Federal Treasurer Scott Morrison has ordered the sale of more than $100 million of illegally acquired Australian real estate owned by foreign nationals....

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Superannuation

The Government has been urged to ensure ASIC does not get to pocket the proceeds of its successful regulatory prosecutions to prevent the emergence of a ‘prosecutorial cu...

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Superannuation

The Federal Government’s crackdown on the black economy should include a focus on non-compliance with the superannuation guarantee in the cash economy. ...

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Policy & Regulation

Super funds want the Government to grant death and TPD cover within super, the same tax treatment as that enjoyed by insurance sold outside of super....

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Policy & Regulation

The Government has announced it would allow foreign buyers to purchase an off-the-plan dwelling when another foreign investor pulled out on the purchase....

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Superannuation

The Government needs to ensure its social security settings do not have unintended consequences for the success of comprehensive income products in retirement....

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Superannuation

The government should work more closely with industry super funds and leverage their scale and long-term investment horizon to boost infrastructure and economic growth, I...

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Policy & Regulation

The obligations flowing from the FSC’s Life Insurance Code of Conduct may extend beyond its members with the Federal Government signalling it wants the code to carry ASIC...

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Superannuation

While the Government has won bouquets for its $500,000 concessional cap change, it has received brickbats for its reversal on the work test for those aged 65 to 75....

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Financial planning

With 44 per cent of employed women and 15 per cent of employed men working part-time it highlights that the Government needs to legislate LISTO, ISA believes....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago