Remove super from short-term political cycle: SPAA

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The Government’s decision to again delay the introduction of the promised Superannuation Guarantee (SG) increases highlights the need for superannuation to be removed from the short-term political cycle, says SMSF

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Australia needs a new framework for financial advice

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The Financial Services Council has called for new architecture for Australia’s financial advice industry. John Brogden, CEO of the FSC said: “Significantly improved adviser education, increased ASIC powers and greater

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Private insurance can reduce Federal Budget pressure

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FSC Financial System Inquiry submission: Phase 2 The current structure of Australia’s insurance framework is inhibiting product innovation, creating underinsurance and unnecessary public sector cost, the Financial Services Council said

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Helping Australian families to better prepare for life’s financial challenges

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The Friendly Societies of Australia (FSA) yesterday said the Financial System Inquiry should promote measures in its final report that support sustainable pre-retirement life-event savings and investment products, recognising the positive role

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SPAA message to FSI: SMSF sector performing well

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The SMSF sector was a well-functioning, efficient and allowing many Australians to meet their retirement income goals, the SMSF Professionals’ Association of Australia (SPAA) said its final submission to the

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TAL seeks better life insurance outcomes for consumers

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Australia’s largest life insurer TAL recommends in a new submission to the Financial System Inquiry a range of measures to improve consumer outcomes for life insurance products and services. TAL

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The need for timely life insurance claims

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The growing number of people who lodge ‘late notified’ claims against disability policies many years after their cover has ceased force upwards pressure on the price of premiums. Australia’s largest

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TAL calls for “affordable” pricing of life insurance

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 Level premiums just like “fixed” rate mortgages In the wake of the interim Financial System Inquiry report, Australia’s largest life insurer TAL is calling for greater recognition of the “affordable”

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Inquiries put retirement income products up for debate

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 The Financial System Inquiry and Government Pension Review have the potential to open up the availability of “relevant and appropriate” retirement income products, Jordan George, Senior Manager, Technical & Policy, of

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FSC Response to Financial System Inquiry Interim Report

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The Financial Services Council yesterday welcomed the interim report of the Financial System inquiry. Superannuation The FSC agrees with Murray’s commentary that policy settings in superannuation lack stability. John Brogden,

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