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

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

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

Financial planning

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

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

Financial planning

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

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

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

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

Financial planning

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 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

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

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

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

Financial planning

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...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

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

5 months 1 week ago

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

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 day 23 hours 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...

2 weeks 2 days ago

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

3 weeks 5 days ago