Josh Frydenberg

Editorial

The Government needs to accept that the Royal Commission did not get everything right and that it needs to put aside its politically expedient rubber-stamp where advice w...

Policy & Regulation

Frydenberg signals changes to deeming rates

Tough times and lower interest rates have prompted the Government to put last year’s deeming rate changes under the microscope....

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Policy & Regulation

Is Frydenberg being equivocal on 12% SG?

The Federal Treasurer, Josh Frydenberg has stopped short of restating the Government’s promise to increase the superannuation guarantee, preferring to say that it has no ...

Financial planning

Licensees face stronger obligations to notify clients of bad advice

Affected clients will be among the first to know when licenses detect advisers who have done the wrong thing under new legislation to go before Parliament....

Policy & Regulation

Legislation passes to impose mortgage broker best interest duty

Mortgage brokers will find themselves dealing with a similar environment to financial advisers under new legislation passed by the Parliament stemming from the Royal Comm...

Editorial

Objectively, Hayne barely earned a pass mark

Much of the commentary attaching to the first anniversary of the Hayne Royal Commission recommendations has tended to flatter what was, objectively, a flawed outcome thor...

Financial planning

Frydenberg continues his tick and flick approach to RC

The Government’s latest exposure draft legislation around the recommendations of the Hayne Royal Commission suggest little has been paid to the lobbying of the major fina...

Financial planning

Advice bodies brace for opt-in outline

How the Government proposes to approach yearly opt-in and fee arrangements is expected to be made clearer in the next week or so and financial adviser groups are bracing ...

Financial planning

FPA creates distance between advisers and LIC debate

The Financial Planning Association has sought to make very sure that advisers do not get negatively roped into the current debate around stamping fee exemptions....

Policy & Regulation

Government outlines extension of BEAR to super funds

Superannuation fund executives and trustees will find themselves the subject to the equivalent of the Bank Executive Accountability Regime under proposals outlined by the...

Financial planning

Will last resort compensation change PI?

The Government has taken the first step towards imposing a compensation scheme of last resort on the financial advice sector, raising key questions about the future relev...

Superannuation

Legislation will see super ERFs head for the exit

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...

Policy & Regulation

Govt introduces legislation for 4 RC recommendations

The four recommendations being legislated relate to mortgage brokers, consumer protection, and insurance contracts....

Life/Risk

LIF helps erode insurers’ bottom line

Life insurers are struggling to sustain profitability in the face of challenging markets and tighter regulation with the Life Insurance Framework also playing a part....