Powered by
MOMENTUM
MEDIA
POWERED BY MOMENTUM MEDIA
TIM WILSON
Superannuation
A key Parliamentary Committee has declared its intention to scrutinise the amount of money being spent by industry funds on advertising and whether it is members’ best in...
Superannuation
Government backbenchers have pointed to evidence that AustralianSuper chief executive, Ian Silk, spoke to a critic of the Victorian Government COVID-19 lockdown as eviden...
Financial planning
The cost of providing advice to members is "commercially sensitive” and releasing it would not be in the best interests of members, according to major health industry sup...
Superannuation
Major industry superannuation fund company, Industry Super Holdings has confirmed that it sits at the top of what amounts to a billion dollar financial services enterpris...
Superannuation
The Australian Prudential Regulation Authority has failed in its obligation to enforce the sole purpose test over the use of superannuation fund monies, according to a Li...
Financial planning
AMP was both legally and morally within its right to amend buyer of last resort arrangements which had become commercially unsustainable, according to the company’s chief...
Financial planning
Big industry fund Hostplus has detailed to a Parliamentary Committee an eight-fold increase in comprehensive advice fees over just five years....
Policy & Regulation
The chair of a key Parliamentary Committee has raised the Australian Securities and Investments Commission’s errors within its controversial SMSF factsheet among errors t...
Superannuation
AMP Limited has declared it would not use AMP superannuation fund monies for political purposes but has reserved the right to do so separate from the interests of superan...
Superannuation
Major superannuation funds are being asked to explain whether they have needed to provide either liquidity or cash to REST and HostPlus....
Financial planning
The chairman of a key Parliamentary Committee has suggested to the Financial Adviser Standards and Ethics Authority that it should be subject to the oversight of a specif...
Superannuation
The median ‘operating expense’ for a self-managed super fund is $3,923, according to the Australian Taxation Office, far lower than the $13,900 quoted in a recent SMSF fa...
Financial planning
The Australian Securities and Investments Commission has hit out at ME Bank over the “disappointing” way it handled its problems over client mortgages and said it has had...
Financial planning
A key parliamentary committee has received more evidence about how industry superannuation funds are delivering financial advice and what it cost. ...
Funds management
Industry funds-owned IFM Investors has maintained its relative silence on how it remunerates its executives, arguing that a key parliamentary committee is seeking more in...
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...