LEGISLATION

Financial planning

The Association of Financial Advisers has called for the release of key consultation submissions and for greater clarity around the detail of the Government’s legislation...

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Funds management

Victoria’s new stamp duty laws will drive up costs for unlisted wholesale and retail property funds sector, according to the Property Funds Association....

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Superannuation

Federal Parliament yesterday passed legislation intended to weed out underperforming superannuation fund trustees, in a move that a major industry body said would “end th...

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Superannuation

AMP Limited has acknowledged a multi-million impact flowing from the Government’s legislative changes to superannuation including transferring 370,000 low balance account...

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Superannuation

Superannuation funds will likely struggle to meet the Government’s 1 July implementation date for its new superannuation legislation....

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Superannuation

The Financial Services Council has welcomed the Senate’s passage of superannuation bills which will reduce fees charged on low balance MySuper accounts....

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Superannuation

The Federal Government has controversially amended legislation before the Parliament to target the use of corporate boxes by industry funds to influence employer default ...

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Policy & Regulation

With elements of its superannuation legislation stalled by the Christmas/New Year Parliamentary break the Government has opted to use its regulatory powers to push throug...

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Superannuation

Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the Government has made clear the issue remains very much al...

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Policy & Regulation

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

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Financial planning

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

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Life/Risk

A key Senate Committee has been told that the Government’s new Design and Distribution Obligations and Product Intervention powers risk putting advisers in conflict with ...

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Policy & Regulation

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

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Superannuation

Industry Super Australia is urging the Government to legislate to compel employers to pay the superannuation guarantee at the same time they pay wages to overcome continu...

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Funds management

DomaCom has said it is pleased with the revised managed investment trust legislation which has removed a residential property prohibition....

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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...

6 days 2 hours 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...

6 days 3 hours 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 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 1 week 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 1 week ago