Facts on FoFA amendments reveal empty product rhetoric and political posturing

From

Rhetoric and unnecessary scare mongering are clouding the facts about proposed amendments to the best interest duty component of the Future of Financial Advice (FoFA) legislation. “Australian consumers have nothing... Read more continue reading

Custodians crucial to wellbeing of Australia’s financial sector

From

ACSA revamps its mission to highlight importance of a united voice for custodians The Australian Custodial Services Association (ACSA) says the role of the custodian has broadened and is fundamental... Read more continue reading

CBA Economics: Consumer sentiment falls to its lowest level since May last year

From

Consumer Sentiment – February 2014 Consumer sentiment fell by 3% in February to its lowest level since May last year. Sentiment declined for a third month in a row as... Read more continue reading

FSC slams Fair Work Commission involvement in MySuper

From

The Financial Services Council briefed government and Treasury yesterday on the excessive costs associated with the Fair Work Commission process for selecting MySuper default funds and is calling for the... Read more continue reading

Elders Financial Planning announces key Northern appointment

From

Elders Financial Planning has announced the appointment of Mr Kevin Mayne as Regional Manager North. Elders Financial Planning Chief Executive Officer, Helen Lorigan said Mr Mayne will play a key... Read more continue reading

Home loans hit record highs

From

Housing finance; NAB Business survey Record home loans: The value of all home loans rose by 0.2 per cent to record highs in December. The number of new owner-occupier housing loans fell... Read more continue reading

Time to assess the age pension eligibility

From

FSC 2014-15 Federal Budget Submission The Financial Services Council has called on the government to consider whether the income and asset tests for the Age Pension are too generous and... Read more continue reading

Macquarie Life scores sixth consecutive five-star rating from Beaton

From

Macquarie Life has achieved five-star status for overall satisfaction in the Beaton Benchmarks 2013 – Life Insurance Intermediaries Study for the sixth time consecutively, making it the only insurer to... Read more continue reading

Private disability insurance can relieve the public purse

From

Life insurance can play a major role in reducing government welfare expenditure on the Disability Support Pension (DSP) and National Disability Insurance Scheme (NDIS) according to the Financial Services Council.... Read more continue reading

AMP Capital names new head of Fixed Income

From

Simon Warner has been appointed as Head of Fixed Income for AMP Capital, effective immediately. Mr Warner, who has held the role of AMP Capital’s Head of Macro Markets within... Read more continue reading