Parliament

Financial planning

Liberal senator hits out at excessive financial advice costs

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running ...

Features

Signed, sealed and delivered: Treasury consultations in 2024

With a raft of Treasury consultations announced last year, Money Management examines their progress through Parliament and which could pass this year. ...

Funds management

A troubled history of DASS

As E&P appoints a new chief executive and the government brings in the CSLR that should help affected consumers, Money Management has collated a timeline of events at the...

Policy & Regulation

Grattan Institute’s bold reforms to boost revenue

Redesigning the Stage 3 tax cuts and increasing the age to access super by five years are among the suggestions from the Grattan Institute to boost revenue. ...

Policy & Regulation

ASIC increases focus on cryptocurrency

ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...

Funds management

Treasurer warns of worsening inflation scenario

Treasurer Jim Chalmers has warned inflation in Australia “will be worse before it gets better”....

Financial planning

Hung parliament could bring risk for Aussie markets

Research from Barclays shows the possibility of a minority government occurring following this week’s election, an outcome that would bring risk to Australian markets....

Superannuation

Falinski questions QSuper court case

Liberal MP, Jason Falinski, has used a superannuation Parliamentary hearing to ask why QSuper failed to notify its members of changes to its deed structure following cour...

Financial planning

ACSI responds to Senate blocking proxy advice reform

ACSI is pleased to see the Senate block reforms to proxy advice saying the system had already been working well to deliver quality advice that supports investors and mill...

Financial planning

Treasury ‘confident’ in trustees’ ability to avoid providing financial advice

Following months of discussion and consultation, Treasury has released its final report into the Retirement Income Covenant, stating it is confident superannuation truste...

Superannuation

Super for housing idea ‘detracted’ from serious Government debate

Pushing matters such as superannuation for housing detracted the Government from serious financial issues during the pandemic, according to Stephen Jones. ...

Financial planning

Calls for MIS to be included in CSLR

CHOICE is calling for an industry-funded compensation scheme of last resort to include investment managers, as cases such as the Sterling Group collapse has caused homele...

Superannuation

Are super funds’ investment into ISH marketing or investment?

The prudential regulator has been probed by Senator Andrew Bragg as to whether investments into Industry Super Holdings count as marketing given that it indirectly funds ...

Financial planning

Regulator and industry super to blame for advice accessibility?

Liberal members Jason Falinski and Tim Wilson have concluded the corporate regulator and industry super funds are beneficiaries of Australians being unable to access fina...