Statement from the FSC on the Trowbridge Report

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The Financial Services Council has welcomed the independent Trowbridge Report which includes recommendations for structural changes to the life and advice industries. Former APRA Member, John Trowbridge, authored the report... Read more continue reading

Full report: Trowbridge Review on retail life insurance advice

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The Trowbridge Report, released today, proposes a package of recommendations to achieve structural reform for the life insurance and advice industries. It has been produced in response to Australian Securities... Read more continue reading

Government reverts to seven year threshold for unclaimed life insurance

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The Government’s announcement yesterday that it would amend the Life Insurance Act to revert to a seven year threshold for “lost” life insurance policies before they are deemed unclaimed monies is... Read more continue reading

Survival of the fittest in financial services employment market

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Australian investment professionals are among the most pessimistic in the world when it comes to expectations of future employment, and nearly a quarter say the situation is getting worse. This... Read more continue reading

Keep super’s main goal – ensuring self-sufficiency in retirement 

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Varying proposals for alternative uses for superannuation monies run the serious risk of destroying the primary objective of this compulsory scheme – providing people with income for a secure and... Read more continue reading

AIMA welcomes proposed IMR legislation

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The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has welcomed proposed changes to Australia’s Investment Manager Regime (IMR) legislation released by Treasury. Paul Chadwick, Chairman of AIMA Australia, said the proposed changes... Read more continue reading

2015 Australian Insurance Industry Awards: Submissions open, new categories and criteria announced

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The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Asia Insurance Review are pleased to announce that submissions for the 12th Australian Insurance Industry Awards are... Read more continue reading

Investment Manager Regime legislation is significant for financial services trade

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The Government’s revised Investment Manager Regime draft legislation released today is a significant step in completing the Johnson reform recommendations and in bolstering financial services trade, according to the Financial... Read more continue reading

Advisers attracted to flexibility of CFP® certification program

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The Financial Planning Association of Australia (FPA) has seen a spike in enrolments for the CERTIFIED FINANCIAL PLANNER® certification program, thanks in part to the increased flexibility of the program.... Read more continue reading

Senate vote a win for SMSF trustees

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SMSF trustees have notched an important victory with the Senate vote to remove the punitive tax rates on excess non-concessional contributions made to superannuation funds. The SMSF Association CEO/Managing Director... Read more continue reading