MYSUPER

Financial planning

The Government is wrong in its move to stop people from paying for financial advice from their MySuper accounts, according to the Financial Planning Association....

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Financial planning

The deduction of financial advice from member’s superannuation accounts is reasonable, according to actuarial research house, Rice Warner....

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Superannuation

Trustees of the worst performing products have been contacted by the Australian Prudential and Regulation Authority to provide action plans on how they will address ident...

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Superannuation

Australian super funds that invest responsibly tend to outperform their peers since responsible investment is no longer at the perimeter of investment philosophy, a study...

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Superannuation

Twenty under-performing superannuation funds are facing almost immediate heat-map pressure from the Australian Prudential Regulation Authority and a further 20 will find ...

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Superannuation

The regulator’s new tool needs to be refined to include rigorous benchmarks and Choice products, Industry Super Australia believes....

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Policy & Regulation

APRA’s heatmap will include four investment performance measures that reflect the level of growth or defensive assets and trustees will have no excuse as to why a metric ...

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Superannuation

Super Consumers Australia research has shown the superannuation system put over 176,000 people into a poor performing MySuper products in 2017-18....

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Superannuation

The Australian Prudential Regulation Authority has predicted a backlash from super funds in the event it publicly names superannuation funds it deems to be underperformer...

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Life/Risk

The Financial Planning Association has given its backing to the standardisation of terms and definitions with respect to insurance with MySuper products but has caused ag...

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Policy & Regulation

The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses including board renewal and removal of conflicts of interest....

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Superannuation

The standardisation of group insurance terms and conditions could help achieve some of the Banking Royal Commission’s recommendations, a leading insurance law firm has sa...

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Financial planning

AMP Limited has released its first quarter cash flows data and revealed the extent to which it is still seeking to recover from its Royal Commission challenges....

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Life/Risk

The Association of Financial Advisers has told Treasury that insurance inside superannuation is of lesser quality than advised insurance, with there being an important tr...

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Superannuation

Superannuation funds have largely ignored the after-tax investing obligations that the Stronger Super reforms embedded into the law, implementation manager Parametric has...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 2 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 1 day ago