SENATE

Policy & Regulation

The Senate Economics References committee has published the terms of reference for its inquiry into ASIC enforcement and welcomed submissions....

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Funds management

The final report into Sterling Income Trust has concluded the regulator displayed a “lack of concern” and its failure to take proactive action mean it is unlikely regulat...

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Superannuation

The Your Future, Your Super bill has now been passed in the Senate and will come into force on 1 July, 2021. ...

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Financial planning

It took a Government Senator with a significant policy background in financial advice to speak sense on the folly of implementing annual opt-ins just because the Royal Co...

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Policy & Regulation

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

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Financial planning

The Financial Planning Association has urged the Government to make financial advice tax-deductible if it is provided by ‘registered financial planners’....

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Superannuation

Industry Super Australia has called on politicians to put super fund members’ interests above politics in Parliament this week and debate and pass proposed laws to improv...

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Policy & Regulation

Some of the Government’s most important superannuation policy legislation has remained stranded on the notice paper with Parliament rising until February and an election ...

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Superannuation

Industry Super Australia has welcomed the passage superannuation reforms through the Senate this week, but warned that they don’t go far enough to remedy the problem of u...

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Superannuation

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

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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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Policy & Regulation

Most financial planning businesses will be eligible for a $20,000 instant asset write-off as part of legislation which passed the Senate on Wednesday....

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Policy & Regulation

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

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Superannuation

The Federal Opposition has confirmed its intention to oppose or amend the Government’s key superannuation legislation changes meaning governance and choice issues will be...

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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...

4 days 19 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...

4 days 20 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...

5 days 19 hours 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. ...

8 months 4 weeks 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