SUPERANNUATION

Financial planning

The Australian Securities and Investments Commission need only regulate in the same terms it did for early release superannuation advice to extend intra-fund advice, acco...

Financial planning

Industry funds have urged an extension of intra-fund advice to cover retirement adequacy scenarios and spouse super....

Superannuation

Superannuation funds have warned the Government that its proposed new performance test regime risks rewarding short-termism and denying members the benefits of medium to ...

Superannuation

Industry Super Australia said the proposed Government policy to opt out of the superannuation guarantee increase will further disadvantage retirement savings for Australi...

Superannuation

Forcing workers to use their retirement savings to fund their own pay rise should not be a way to deal with low wage growth, the Australian Institute of Superannuation Tr...

Superannuation

BT Funds Management has admitted that its efforts to migrate 277,679 members to its BT Super product may have resulted in 38,000 people exiting the company’s products....

Superannuation

New data has emerged suggesting as many as 5% of early release superannuation applicants entirely emptied their accounts while just 10 superannuation funds paid around 68...

Superannuation

2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during which the Australian Competition and Consumer Commission ...

Superannuation

There were a further 21,000 superannuation members who applied for the early release of their super in the week before the scheme ended, with 31% representing repeat appl...

Financial planning

Advisers need to understand the types of risk specific to retirees and implement strategies to minimise the risk of outliving their savings as two-thirds do not believe t...

Superannuation

The Government needs to address underperformance in the superannuation system before stapling of super accounts begins, according to the Australian Institute of Superannu...

Superannuation

Almost three-quarters of fund professionals expect to see consolidation of the superannuation industry this year in a bid to reduce costs, according to Calastone....

SMSF

The corporate regulator alleges the financial technology firm’s brochure on self-managed superannuation funds was misleading. ...

Superannuation

The Australian Council of Trade Unions believes the Government’s superannuation exposure draft legislation is an ‘attack’ on working people and their retirement savings. ...

Policy & Regulation

Superannuation funds have been delivered another 12 months’ breathing space on reporting portfolio holdings simply because the Government has not made the necessary regul...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

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

5 months ago

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

7 months 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. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago