Royal Commission lays groundwork to improve financial advice: SMSF Association

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The final report of the Financial Services Royal Commission has detailed critical reforms that should lay the groundwork for a more professional and trusted financial advice sector, says SMSF Association... Read more continue reading

Royal Commission highlights importance of individual accountability

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The Board of The Banking and Finance Oath (The BFO) welcomes Commissioner Hayne’s focus on honesty and individual accountability in the Final Report of the Royal Commission into Misconduct in... Read more continue reading

Actuaries Institute welcomes final Royal Commission report

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The Actuaries Institute welcomes the final report from the Royal Commission into Australia’s banking, superannuation and financial services sectors. The Royal Commission, which received more than 10,000 submissions, has revealed... Read more continue reading

FASEA releases final examination standard

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FASEA has released the legislative instrument and explanatory statement for its Examination standard. The legislative instrument was informed through consultation received in 26 submissions during the legislative instrument final consultation... Read more continue reading

FPA committed to rebuilding trust in financial planning following publication of Royal Commission report

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The Financial Planning Association of Australia (FPA) is currently examining the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, and intends on working... Read more continue reading

FINSIA’s first response to Royal Commission

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FINSIA CEO Chris Whitehead said “While it will be some time for all the ramifications of the Royal Commission recommendations to filter through, FINSIA is committed to helping implement reform in a timely... Read more continue reading

More consumer safeguards for LRBAs urged

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The SMSF Association remains steadfast in its opposition to any “outright ban” of Limited Recourse Borrowings Arrangements (LRBAs). In its nine-page submission to Treasury for the Council of Financial Regulators’... Read more continue reading

Bankers need to get on front foot to restore trust

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A new set of global standards is the way forward to change banking culture. Chris Whitehead, FINSIA CEO said: “As we wait for the final report of the Royal Commission,... Read more continue reading

Class research casts SMSF costs in better light

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The significance of the research report by the SMSF administrator Class into the cost structure of self-managed super funds (SMSFs) cannot be understated, says SMSF Association CEO John Maroney. The nine-page... Read more continue reading

Productivity Commission correct to focus on advice standards

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The Productivity Commission’s decision to follow the SMSF Association’s recommendations to opt for higher SMSF advice standards and reject the minimum balance approach as the better option for ensuring the... Read more continue reading