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Financial advice
Superannuation
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose. ...
Superannuation
The Joint Associations Working Group has identified four key issues with the $3 million super tax that need to be addressed before the bill is legislated, including the m...
Financial advice
The industry body has recommended an approach that recognises unique advice needs, noting current super regulation and legislation is “overwhelmingly designed with simple...
Financial advice
The first Delivering Better Financial Outcomes bill passed the Senate on Thursday afternoon before sailing through the House of Representatives a few hours later as a mat...
Financial advice
The SMC has come under fire over the past week following a statement in which its CEO referred to advisers as “dodgy”....
Financial advice
Super funds are ramping up their financial advice offerings, with ART confirming it is already on the path to implementing a new single intra-fund advice program....
Financial advice
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to affirm the status quo”....
Financial advice
Superannuation funds have thrown their support behind the QAR reforms but want a “clear statement” that they will not be required to check all member SOAs....
Financial advice
In its latest report, the corporate regulator says the deduction of advice fees has led to instances of “inappropriate erosion of members’ balances”....
Financial advice
Financial advice is having a significant impact on how Australians are engaging with the more complex aspects of their superannuation, new findings have shown. ...
Financial advice
While the Financial Advice Association Australia said it supports a performance testing regime “in principle”, it holds reservations about expanding this scope to retirem...
Superannuation
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default pla...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...