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...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 4 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 6 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 4 days ago
moneymanagement logo