Abolish Superannuation Guarantee age limit: FPA

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The ‘Abolition of Age Limit on Payment of the Superannuation Guarantee Charge Bill 2011’ introduced in Parliament yesterday by Opposition MP Bronwyn Bishop, would provide consistency and fairness for mature-age... Read more continue reading

‘Opt-in’ a policy lock out that would harm Australians

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The Financial Planning Association (FPA) has warned that recent alarmist ‘opt-in’ arguments advocated by sections of the trade union superannuation movement would result in poor savings and retirement outcomes for... Read more continue reading

Minister Shorten: Please read the writing on the wall, lives are worth insuring

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The Association of Financial Advisers (AFA) is again calling on the Minister for Financial Services and Superannuation, Bill Shorten, to become a true advocate of the financial advice industry and... Read more continue reading

Korea and Australia Financial Investment Forum to increase investment

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The Australian Financial Markets Association (AFMA) and the Financial Services Council (FSC) of Australia today joined with the Korea Financial Investment Association (KOFIA) in signing an agreement to establish the... Read more continue reading

ACSA announces winners of 2011 industry awards

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Nikki Bennett, Dañelle Michael and Tony Stolarek recognised for their contribution to the custody and investment administration sector The Australian Custodial Services Association (ACSA) has announced the winners of the... Read more continue reading

Actuaries call for longevity risk focus – including new generation annuities – in Federal Budget

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The Institute of Actuaries of Australia (the Institute) has today urged the Government to prioritise longevity risk policies, including development of a new generation variable annuities market, to meet the... Read more continue reading

Better off with savings advice

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The Financial Services Council today released independent research showing people who receive financial advice will be almost $100,000 better off at retirement simply through learning better savings behaviour. The Council’s... Read more continue reading

Custody to be under the spotlight in a rebalancing world

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The peak body for Australia’s growing custodial and investment administration sector ACSA says the industry will face some unique challenges as it continues to meet the needs of institutional clients... Read more continue reading

FPA lobbying helps secure ASIC’s role as sole regulator of Financial Planners

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The Financial Planning Association (FPA) supports today’s announcement having fought hard for ASIC to remain the sole regulator of Financial Planners. ASIC oversees the regulation of financial planners and all... Read more continue reading

Wholesale and Retail Clients Future of Financial Advice

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1. INTRODUCTION 1.1 As part of the Future of Financial Advice (FOFA) reforms, the Government announced that it would consider the appropriateness of the distinction between wholesale and retail clients... Read more continue reading