ASIC’s latest enforcement report outlines key outcomes and areas of focus for the future

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ASIC has released its enforcement report for the period 1 July 2015 to 31 December 2015. The report highlights ASIC’s key areas of focus for the organisation and outcomes supporting... Read more continue reading

SMSFA urges flexible approach to concessional caps

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People should be able to carry forward unused concessional contribution cap amounts and contribute to their superannuation when they have the capacity to do so, says Andrea Slattery, CEO/Managing Director... Read more continue reading

AFA: Don’t cancel your life insurance

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The Association of Financial Advisers (AFA) is calling for Australians to stop and think before cancelling their life insurance to prevent an inadvertently costly mistake. In the wake of recent... Read more continue reading

ASIC consults on proposed guidance about ‘robo-advice’

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ASIC yesterday released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). ASIC Commissioner John Price said, ‘ASIC is keen to... Read more continue reading

Choice of super fund currently before the parliament

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More consumers are a step closer to being able to choose their superannuation fund under legislation introduced to Parliament last week. Assistant Treasurer, Kelly O’Dwyer, introduced the Superannuation Legislation Amendment... Read more continue reading

Agribusiness Senate Report: FPA supports recommendations, calls for further comprehensive reform

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The Financial Planning Association of Australia (FPA) has welcomed the recommendations of the Senate Economics References Committee report into failed agribusiness managed investment schemes (MIS), particularly those around improving consumer... Read more continue reading

Life Insurance Code of Practice will be strengthened

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The Financial Services Council has taken action to ensure consumer protections in life insurance will be significantly strengthened in light of recent industry issues. At the annual FSC Life Insurance... Read more continue reading

AFA: Advisers add value at claim time

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Calls from Industry Super Australia to connect adviser remuneration with the decisions of life insurers on paying claims is inaccurate and unfair according to Association of Financial Advisers (AFA) Chief... Read more continue reading

Advisers standing up for clients in need

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Financial advisers are an important partner to clients going through a life insurance claim. AFA Chief Executive Officer Brad Fox said nce and a better end result,” he said. Mr... Read more continue reading

FSC welcomes commitment to enshrine objective of super in legislation

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The Financial Services Council (FSC) welcomes the Government’s commitment to enshrine the objective of superannuation in legislation as recommended by the Financial System Inquiry (FSI). Sally Loane, CEO of the... Read more continue reading