treasury

Superannuation

The Government has introduced a bill that aims to improve equity in the superannuation system, allow a larger amount of super to be removed for a first home deposit, and ...

Financial planning

FASEA standards don’t adequately recognise previous study

There needs to be a better recognition of previous study undertaken by financial planners, and in particular continuing professional development studies, according to the...

Policy & Regulation

Budget points to fewer staff within ASIC

While the other regulators grew their staff numbers, the Budget papers point to a net loss for ASIC. ...

Financial planning

Treasury urged to investigate AFCA ‘coaching’

Financial advisers distrust the Australian Financial Complaints Authority because it is perceived to have ‘coached’ complainants and Treasury is being urged to investigat...

Financial planning

Treasury to assume control of LIF review

Senator Jane Hume announced the FSC Life Insurance Summit that Treasury will assume control, merging it with the quality of advice review....

Financial planning

FASEA left way open for further code adjustments

The Financial Adviser Standards and Ethics Authority has signaled to a Parliamentary Committee that further adjustments to the adviser code of ethics was possible beyond ...

Financial planning

FASEA not the final battle

Although the removal of the Financial Adviser Standards and Ethics Authority is a huge victory for many in the industry who spent the last few years fighting for reform, ...

Financial planning

How the industry united to rid itself of FASEA

Mike Taylor writes that few people genuinely argued with the objectives set out for the Financial Adviser Standards and Ethics Authority but they did argue with the autho...

People & Products

Mike Baird appointed Business Growth Fund chair

The former NSW Premier will replace Will Hodgman who will step down as inaugural chair of the Australian Business Growth Fund chair....

Financial planning

Cormann a loss to financial services

West Australian Liberal Senator, Mathias Cormann is to retire from politics later this year, meaning the financial services industry will lose a minister with a deep unde...

Funds management

The cash funds of the future

The difficulty of liquidating cash portfolios during the pandemic has highlighted the changing outlook for cash, according to IFM Investors who are suggesting investors c...

Policy & Regulation

Hume calls for FASEA extension to return to business

Senator Jane Hume has called on the Labor Party to enable the FASEA extension to return to business after a ruling yesterday on listed investment companies. ...

Policy & Regulation

LIC stamping fee exemption to be extended

The ban on conflicted remuneration to listed investment companies will be extended following a consultation by the Treasury, removing an impediment to the FASEA exam exte...

Policy & Regulation

ASIC pushes design and distribution out to late 2021

Implementation of the key financial products design and distribution obligations has been deferred until well into the second half of next year....

Financial planning

Royal Commission commitments deferral welcomed

While industry associations have welcomed the six-month deferral, they have called for the Government to be open to reviewing the timeline given the uncertainty of the CO...