policy

Financial planning

Planner licensing to cost more under user-pays

A Government-backed Australian Securities and Investments Commission consultation paper has revealed the degree to which planners and planning firms will pay more for lic...

Policy & Regulation

How planners will sit in judgement on planners

ASIC has revealed how the planners sitting on it’s the Financial Services and Credit Panel will sit in judgement on their peers and help determine banning orders....

Policy & Regulation

Will the BEAR miss the real planning culprits?

A Parliamentary Committee has been warned that the nature of the Bank Executive Accountability Regime means it may actually have failed to capture the executive culprits ...

Superannuation

O’Dwyer signals rapid exposure of super to compensation claims

The Minister for Revenue and Financial Services, Kelly O’Dwyer has signalled she will move rapidly on exposing superannuation to victims of crime and other compensation c...

Policy & Regulation

O’Dwyer provides just 14 days for AFCA consultation

The Federal Government has provided the industry just 14 days to comment on the establishment of the new Australian Financial Complaints Authority....

Funds management

ASIC updates fee transparency for super and managed investment funds

ASIC has continued its work on the improvement of transparency and comparability of fees and costs for managed investment and superannuation funds....

Policy & Regulation

ASIC wants product intervention power with teeth

The Australian Securities and Investments Commission wants its new product intervention power to have enough teeth to preclude participants in the financial services food...

Financial planning

ANZ strategy generates 12% profit lift

ANZ has resulted a full-year profit of $6.41 billion but its divisional results provide proof of the sense of its substantial exit from wealth....

Superannuation

ISA argues against governance changes

ISA has analysed SuperRatings’ data on industry super fund performance versus retail fund performance to argue against proposed governance changes....

Editorial

Has political expediency stalled policy progress?

Mike Taylor writes that the Turnbull Government’s determination to avoid a Royal Commission may have resulted in successive exercises in political expediency and the purs...

Superannuation

Australians lack preparation for retirement

Most Australians procrastinate preparing for retirement, according to the Retirement Readiness Report....

Financial planning

AFA to release advice competency framework

The AFA will release its Financial Advice Competency Framework at its conference this week, in which it outlines the skills and attributes required by advisers....

Funds management

BGL’s Simple Fund 360 grows to 100,000 funds

BGL Corporate Solutions has today announced it recently passed 100,000 paid self-managed super funds on its Simple Fund 360 offering....

Policy & Regulation

Govt warned: You’re making advice unaffordable

The Association of Financial Advisers has warned the Government its EDR and regulator funding measures risk making financial advice unaffordable and forcing the exit of s...

Financial planning

AFCA dismissed as politically-motivated ‘juggernaut Frankenstein’

The Government’s proposed new Australian Financial Complaints Authority has been dismissed as a politically-motivated ‘juggernaut Frankenstein’ aimed at deflecting the ne...