Josh Frydenberg

Financial planning

Centrepoint looks to grow adviser numbers

Centrepoint chief executive, Angus Benbow, makes no bones about the group’s desire to grow the number of planners working under its license....

Financial planning

ASIC to review grandfathering steps

Financial services entities providing grandfathered remuneration to licensees and advisers will be scrutinised by the Australian Securities and Investments as they move t...

Policy & Regulation

FSC urges discussion on new adviser disciplinary system

The proposed new single disciplinary system for financial advisers requires further discussion, according to the Financial Services Council....

Financial planning

Financial planners face multiple disciplinary layers

The Federal Government has clarified that financial planners will not only have to sign up to a code monitoring body but also face a new single disciplinary body....

Editorial

Changing policy direction by degrees

The Treasurer, Josh Frydenberg’s decision to task the Standing Committee on Economics with reviewing the implementation of the Royal Commission recommendations has seriou...

Policy & Regulation

Royal Commission progress to be examined

Financial institutions are likely to come under even more scrutiny after the Morrison Government asked the Standing Economics Committee to explore how much progress has b...

Financial planning

Heavy lifting on grandfathering falls to product issuers

The Government has imposed the administrative burden of redistributing grandfathered remuneration on product issuers rather than onto financial advisers or licensees....

Financial planning

Govt locks in 1 January, 2021 end to grandfathering

The Federal Government is set to introduce legislation locking in a 1 January, 2021, date for the end to grandfathered commissions....

Policy & Regulation

Keating weighs into SG debate

Former Prime Minister, Paul Keating, has weighed into the debate around the future of the superannuation guarantee, accusing the Government of double-speak....

Superannuation

Frydenberg notes industry fund among under-performers

The Federal Treasurer, Josh Frydenberg has refused to concede the universal out-performance of industry funds, noting the Productivity Commission’s findings regarding the...

Policy & Regulation

APRA urged to be more forceful

A critical Government-commissioned review of the Australian Prudential Regulation Authority appears likely to see it adopting a more overtly forceful approach based on st...

Policy & Regulation

Frydenberg rules out super draw-down changes

Despite the Government’s moves on deeming rates, the Federal Treasurer, Josh Frydenberg has ruled out any immediate changes to the superannuation draw-down rules....

Financial planning

Accountants seek voice in retirement advice provision

The Institute of Public Accountants has advocated an advisory role for accountants flowing from the Government’s promised review of the retirement income system....

Policy & Regulation

Industry praises Treasury appointments

Industry bodies have applauded the Government’s appointments to the Treasury, stating it is a ‘clear indication’ of the strategic focus being placed on financial services...

Financial planning

Have product providers jumped the gun on grandfathering?

Financial advisers have expressed concern and anger at product manufacturers who have written to advice clients informing them how to switch off grandfathered commissions...