AFA welcomes release of draft FoFA amendments

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The Association of Financial Advisers (AFA) welcomes the release yesterday of draft amendments to the Future of Financial Advice (FOFA) legislation for public consultation. AFA CEO, Brad Fox said, “We... Read more continue reading

Business conditions near 3-year highs

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NAB Business survey; Weekly petrol prices Petrol prices ease: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 1.0 cent per litre... Read more continue reading

CreditSmart empowers consumers to take control of their credit history

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Ahead of the impending overhaul of Australia’s credit reporting system, the Australian Retail Credit Association (ARCA) yesterday launched a new straight-talking website CreditSmart.org.au. The site provides a range of tools and... Read more continue reading

Weekly market & economic update – week ending January 24, 2014

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Key events of the past week and implications The wobbly start to the year for share markets continued over the past week. While the news out of Europe and the... Read more continue reading

AMP announces key marketing appointment

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AMP has appointed Helen Livesey to the newly-created role Director Brand and Marketing, reporting to AMP’s Chief Customer Officer Paul Sainsbury. Ms Livesey, previously AMP Director Brand, will be responsible... Read more continue reading

Bendigo SmartStart Super awarded 5 star rating by CANSTAR

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Bendigo SmartStart Super® has been awarded a 5-star rating by CANSTAR in the pre-retiree superannuation category for superannuation funds that anyone can join. Premier financial data provider, CANSTAR, is Australia and New... Read more continue reading

ATO figures highlight SMSF trustees ‘responsible’ in retirement

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Australian Taxation Office figures highlight the fact that SMSF trustees are adopting a “responsible approach” to how they use their superannuation savings to live in retirement. Graeme Colley, Director Technical and... Read more continue reading

Improved Best Interests Duty – good for all

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Amendments to the Future of Financial Advice (FoFA) legislation are sensible and pragmatic and, in general, much of the commentary around the impact of these changes has not correctly addressed... Read more continue reading

Inflation lifts rate cuts of the agenda

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Consumer price index Inflation lifts: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.8 per cent in the December quarter, above expectations for a... Read more continue reading

Australia ready to embrace new credit reporting regime

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ARCA welcomes official registration of new Credit Reporting Privacy Code   The Australian Retail Credit Association (ARCA) today welcomed the registration of the Credit Reporting Privacy Code (CR Code) by... Read more continue reading