Weaker Yen: no cure for Japan’s ills

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Standard Life Investments, the global investment manager, believes the underwhelming response of Japanese exports to the plunge in the yen should serve as a warning sign to Japanese policymakers that more reforms are needed, both at government and corporate levels. The latest edition of Global Perspective examines why the recent sizeable depreciation of the yen […]

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SPAA takes aim at $2000 cap on self-education

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The Federal Government’s decision to cap tax deductions for self-education at $2000 flies in the face of its stated aim to improve professionalism across the financial services sector. The SMSF Professionals’ Association of Australia (SPAA), which has been at the forefront of lifting professional standards across the SMSF sector over the past decade, says this […]

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Stronger Super is here

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On 1 July 2013, ASIC welcomed key Stronger Super reforms intended to make the Australian superannuation system stronger and more efficient, and to help maximise superannuant retirement income. ASIC has an interest in a range of Stronger Super reforms, but those ASIC has been most involved in are the SMSF auditor register, the intra-fund advice […]

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FoFA draft legislation in full

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The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, today released the first tranche of draft legislation of the Future of Financial Advice (FOFA) reforms for public consultation. To read the draft legislation in full, click here. “It is a concern that only one in five Australians access financial advice. These reforms […]

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Leadership is the key to business growth

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And now for something entirely different! I know this is a weird way to start a column in a financial planners website but with our industry under challenge from the Federal Government and with uncertainty reigning, the same old same old is totally inappropriate. And that’s why I maintain that regulation won’t lift our collective reputation and our individual […]

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The taxation of financial arrangements under TOFA rules

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Background to the TOFA reforms The TOFA reforms were first announced in the 1992 budget and were later taken up by the Review of Business Taxation. The review’s final report – A Tax System Redesigned (the Ralph report) – made various recommendations about the taxation of financial arrangements. While some of the recommendations made in […]

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AFA campaign gains traction; meeting with Independents

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AFA meets with independent MPs – Grass roots political campaign paying off, but now is not the time for complacency After meeting with key independent politicians in Canberra this week, the Association of Financial Advisers (AFA) can confirm that the concerns of financial advisers in relation to the Future of Financial Advice (FOFA) reforms are […]

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AFA and Guardian Financial Planning join forces for a stronger FOFA voice

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Suncorp-owned dealer group Guardian Financial Planning announced today that the group has formed a partnership with the Association of Financial Advisers (AFA), joining the AFA’s Licensee Partnership Program.The partnership puts Guardian on the front foot with Government to fight for the rights of advisers in the light of the FoFA (Future of Financial Advice) reform package announced on […]

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AIOFP paper: FOFA – a chance to get it right

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Peter Johnston, on behalf of Association of Independently Owned Financial Planners, released a discussion paper entitled “FOFA – a chance to get it right” with recommendations for changes to proposed FOFA legislation. The objective of this paper is to demonstrate that politicians of all persuasions over the past 30 years have failed to make critical […]

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Beaton Consulting: adviser sentiment on the banning of risk commissions

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Beaton Consulting survey advisers on the banning of life risk commissions x The Beaton IFA Market Pulse is a quarterly survey among financial advisers in Australia. The survey provides a platform for participating insurance providers to get feedback from advisers on topics of interest and gives advisers the opportunity to share their views and opinions on […]

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