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ASIC
Superannuation
Superannuation funds have been identified as having fallen short in the manner in which they communicated the implications of the Government’s Protecting Your Superannuat...
Financial advice
The new design and distribution obligations regime could increase costs that could be passed onto consumers, according to a law firm....
Insurance
A superannuation fund which sought a “no action” letter from the Australian Securities and Investments Commission when it failed to send insurance inside super notices to...
Superannuation
The average self-managed superannuation fund with a balance less than $200,000 generated negative returns over three successive financial years, according to the Australi...
SMSF
Wayne Blazejczyk recommended clients with low super balances to set up a SMSF and use an admin service he was the owner of and to invest in a fund that he was the investm...
Financial advice
National Australia Bank’s superannuation trustee, NULIS, has cleared one regulatory hurdle but is still locked in legal battle with ASIC over fee for no service....
Superannuation
The superannuation industry has been urged by the Australian Securities and Investments Commission to focus more on improving life insurance outcomes for its members....
Financial advice
The case had been referred to the Australian Prudential Regulation Authority by the Royal Commission and further action from the corporate watchdog has not been ruled out...
Financial advice
The Australian Institute of Superannuation Trustees says the Australian Securities and Investments Commission report into financial advice by superannuation funds highlig...
SMSF
The importance and value of engaging a ‘good’ auditor is often underestimated and is seen as a chore rather than an opportunity for an SMSF compliance, according to DBA L...
Superannuation
The attempt to improve RG 97 by the Australian Securities and Investment Commission still requires a measure that incorporates the effect of fees and costs, according to ...
Financial advice
The quality of advice provided by retail funds and industry funds have been found to be similar, according to the Australian Securities and Investments Commission....
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 ...