SPAA welcomes ASIC aim to improve standard of advice

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The SMSF Professionals’ Association of Australia (SPAA) has welcomed ASIC’s goal to improve the standard of advice given to prospective SMSF trustees. Outlining SPAA’s stance on advisor training and education... Read more continue reading

FSC calls on Commission of Audit to recommend raising the preservation age

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The Financial Services Council will be calling on the Commission of Audit to recommend raising the preservation age for superannuation to relieve the increasing strain on the economy as the... Read more continue reading

Weekly market & economic update week ending 22 November

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Key events of the past week and implications The past week was dominated yet again by ongoing noise around when the Fed will start to taper its quantitative easing program.... Read more continue reading

SPAA submission to ASIC takes issue on SMSF costs

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The SMSF Professionals’ Association of Australia (SPAA) has questioned the cost findings of the actuarial firm Rice Warner in its submission to ASIC on Consultation Paper CP216. The SPAA submission,... Read more continue reading

FPA calls on ‘branch and root’ Financial System Inquiry to leave recent financial advice reforms time to germinate

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The FPA has welcomed the release of the Coalition Government’s terms of reference to the upcoming Murray Inquiry, but says any more financial advice reform should be off the table.... Read more continue reading

Peter Young appointed chairman of Standard Life Investments Australia & New Zealand

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Standard Life Investments, the global asset manager, today announced the appointment of Peter Young as its non-executive Chairman in Australia and New Zealand. Keith Skeoch, CEO, Standard Life Investments said: “Standard... Read more continue reading

Financial system inquiry is pivotal for the industry’s evolution

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The draft terms of reference for the financial system inquiry announced by the Prime Minister and Treasurer last night, provide a framework for the evolution of Australia’s financial services industry... Read more continue reading

Perpetual and Thorney buy into OneVue

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Investment platform and fund services provider OneVue has announced the completion of the first $6.75 million of an $8 million capital raising program. OneVue chief executive Connie Mckeage said the aim... Read more continue reading

Rating of Australian Unity Notes reviewed and affirmed at BBB+

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Australia Ratings has reviewed and affirmed its credit rating of ‘BBB+’ on the Australian Unity Notes (AUNs; ASX code: AYUHA), issued by AUL. This rating is the highest long-term rating in the... Read more continue reading

SPAA backs ASIC move to improve standard of advice – but says compensation warning ‘too simplistic’

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The SMSF Professionals’ Association of Australia (SPAA) has outlined its stance on the disclosure of SMSF risks in its submission to ASIC on Consultation Paper CP216. SPAA CEO Andrea Slattery... Read more continue reading