Financial advice

19 February

Financial advice

Aware Super to acquire 25% in Lendlease retirement living business

The superannuation fund would own the retirement village portfolio and its associated operating platform, as well

28 January

Financial advice

Call to let advisers and clients agree scope up-front

A major superannuation group wants amendments which would see advisers empowered to agree the scope of advice with

21 January

Financial advice

Stop prioritising compliance over client needs says SMSF Association

The current regulatory regime around financial planning is driving up costs by prioritising compliance and the

2021-01-29 00:30:00

Knowledge Centre

Themes driving the need for a more sustainable approach to investing

Sustainable investing is on the rise, and COVID-19 has only sharpened the focus of policy makers and investors...

Ausbil

19 January

Financial advice

Industry funds urge extension of intra-fund advice

Industry funds have urged an extension of intra-fund advice to cover retirement adequacy scenarios and spouse

Regulatory change is again front and centre as a concern for super trustees in 2016, according to a new survey.

7 January

Financial advice

Aussies worried they do not have enough for retirement

Advisers need to understand the types of risk specific to retirees and implement strategies to minimise the risk

17 December

Financial advice

Advisers’ retirement investing framework unstructured

Education on retirement investing has been overlooked by professional qualifications and advisers may be unaware

2020-11-24 22:30:00

Knowledge Centre

Beyond the digital frontier

Secure, real-time data, insights and transactions accessible from anywhere are closer than you think – explore a...

Northern Trust

17 December

Financial advice

Merry Christmas from Super Review

Merry Christmas. This is the final Super Review e-newsletter of 2020.

Ignition Wealth has incorporated tools and calculators into its robo-advice platform after advice form industry funds.

10 December

Financial advice

Intra-fund advice is not special says ASIC

While currently finalising a review based on samples of intra-fund advice, the Australian Securities and

While superannuation funds understand digital advice is important, some are yet to move beyond calculators on their website, according to a report. The Association of Superannuation Funds of Australia (ASFA) and Decimal’s ‘Digital readiness of superannuat

1 December

Financial advice

Advice part of key to UK retirement strategies

Like Australia, the United Kingdom is struggling to find a better retirement incomes regime but advice has been

Many members of bank-owned or other retail super funds who make a choice on where to invest their super are paying more fees and getting fewer returns, according to a report.

17 November

Financial advice

QSuper contemplating deduction of external advice fees

QSuper has confirmed it is considering allowing the deduction of advice fees from member accounts by external

17 November

Financial advice

ASIC affordable advice paper opportunity to address limited licence regime

The corporate watchdog’s consultation paper is an important step forward but the limited licence regime needs to

13 November

Financial advice

End to hawking welcomed

It is now officially illegal to hawk a member of a MySuper product into a choice product offered by the same fund

3 November

Financial advice

Industry funds canvass three-way advice fee split

Industry funds are urging more clarity from the regulators on what can be delivered via limited and intrafund

27 October

Financial advice

ASIC explains no action position on super advice

Superannuation funds identified as having delivered advice which might be detrimental to their members were asked

20 October

Financial advice

Most super advice should be classified as ‘simple personal advice’

Only superannuation advice regarding consolidating other accounts including defined benefit along with retirement

15 October

Financial advice

Stephen Jones challenges whether advice is affordable or not

The Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones, has challenged whether

8 October

Financial advice

One major industry fund does charge for intrafund advice

One of Australia’s largest industry superannuation funds has confirmed it actually directly charges members who

15 September

Financial advice

Intrafund advice must leave clients better off says ASIC

Intrafund advice must be seen to leave clients better off or it will likely fail best interests, according to the

14 September

Financial advice

NAB super entities hit by $57.5 million court penalties

National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an

10 September

Financial advice

SMSFA launches online education models

The SMSF Association has launched nine compulsory online modules as part of its SMSF Specialist Advisor

The rules around the provision of scaled advice should not be watered down just because the banks have difficulty in dealing with them, according to a submission by both Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustee

3 September

Financial advice

More not less advice needed in super

Superannuation funds need the ability to deliver a wider range of financial advice to members, according to a

18 August

Financial advice

Red tape stifling advice sector

The complex limited licence framework for SMSF accountants and advisers, the carve out for intra-fund advice, and

12 August

Financial advice

Key super funds back ROA advice model

Superannuation funds would be able to deliver advice around the questions most asked by members via a record of

23 July

Financial advice

Advice should cost $200 to $300: Actuaries Institute

Whether through single issue scaled advice or a modified version of intra-fund advice, financial advice to

Link Group has launched a digital superannuation advice platform as a response to the growing demand for integrated advice.

23 July

Financial advice

Funds to start rebuilding balance conversation

Over the next few months superannuation funds will be looking to engage with their members who took out the

16 July

Financial advice

AFCA sympathetic to adviser complaints during COVID-19

If advisers continued to follow best practices and best interests of clients, they are unlikely to be subjected to

Life insurer TAL has appointed Glenn Baird to the newly created role of head of mental health. The appointment aims to expand TAL’s ability to understand, manage and support mental, physical, and financial health of its people and its customers. TAL gen

18 June

Financial advice

Financial services seek mental health training the most

Financial services, government, and energy were the top industries that sought mental health and wellbeing

19 May

Financial advice

Simplifying advice will help close advice gap: panel

Advice ‘modules’ will help members to seek advice as going through a full comprehensive advice process for

12 May

Financial advice

Big nest egg concept flawed

Most retirement planning tools do not look at retirement in terms of health, savings, income or what would make

Senior Australian Taxation Office (ATO) officials have questioned the degree to which employers have been using employee superannuation salary sacrifice arrangements to reduce their superannuation guarantee (SG) contribution. The ATO deputy commissioner,

30 April

Financial advice

High-level of adviser enquiries on early access to super

The main questions being asked by financial advisers are those regarding the Government’s financial relief

The Australian Securities and Investments Commission (ASIC) has confirmed it has initiated a project which will closely examine life insurance within superannuation. The regulator has flagged that it intends on publishing a report on life insurance within

21 April

Financial advice

APRA data points to value of group insurance

The latest data released by the Australian Prudential Regulation Authority has served to confirm the value of

16 April

Financial advice

APRA acknowledges early release departure from usual fraud controls

Speedy handling of early release superannuation payments will mean that the super funds won’t be able to implement

16 April

Financial advice

AFCA gives temporary extension for complaints

Financial firms will now have 30 days to respond when the Australian Financial Complaints Authority notifies them

The Association of Superannuation Funds of Australia (ASFA) has again called for more transparency around the way in which the financial services regulators spend their funding and for self-managed superannuation funds (SMSFs) to pull their regulatory wei

16 April

Financial advice

Average cost of super fund comprehensive advice – $2,000 - $2500

Answers delivered to a key Parliamentary Committee have revealed just what superannuation fund members pay for

16 April

Financial advice

Actuarial modelling warns of up to 20,000 COVID-19 carriers

Actuaries Institute has announced it has set up a working group to help advise members who are seeking to

9 April

Financial advice

Super funds want consistency on advice fee consents

The Association of Superannuation Funds of Australia has made clear to ASIC that superannuation funds want advice

The superannuation industry needs to end its infighting if it is to be taken seriously by Government, according to ASFA chairman, Michael Easson.

9 April

Financial advice

APRA suspends licensing

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new

ASFA urges APRA not to seek to impose rigid limits on the size of superannuation fund boards.

12 March

Financial advice

High Court sets precedent on company officers’ accountability

The High Court has unanimously held the Michael Christodoulou King was an officer of MFS Ltd (Octaviar) subsidiary

10 March

Financial advice

AIST hits back at advice fee bill proposal

The deduction of any fees for personal advice from a MySuper account should be limited to non-ongoing super-

10 March

Financial advice

Super funds back MySuper deductibility of advice fees

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility

3 March

Financial advice

CFS moves on grandfathering and insurance commissions

Colonial First State has announced fee reductions on the back of a program which will see the removal of

MySuper products are hitting its target demographic according to latest Australian Prudential Regulation data.

3 March

Financial advice

Planning industry united on MySuper advice fees

The Treasurer, Josh Frydenberg, faces a fight from the financial planning industry as he seeks to move forward on

Actuarial research house, Rice Warner, has suggested there are changes the Government could make to eliminate the unintended consequences contained in the Budget.

25 February

Financial advice

Limited advisers could be caught out in best interests duty

Limited licenced advisers need to make sure they do not verbally give switching advice to clients even if it is

18 February

Financial advice

Drought accelerates living costs increase

Retiree couples aged around 65 spent $1,292 more and singles $829 more over the last year, largely due to the

Rollover knows how often a chief executive’s key performance indicators (KPIs) are based on the degree to which they can grow their company’s market share, and so he tips his hat to the magnanimity of AIA Australia chief executive, Damien Mu.

13 February

Financial advice

Deducting advice fees from member accounts gets thumbs-up

The deduction of financial advice from member’s superannuation accounts is reasonable, according to actuarial

11 February

Financial advice

Re-regulation needed for intrafund advice

Regulatory settings on financial advice are not always helpful for super members and the industry needs a body to

11 February

Financial advice

DDO indirect impact to be ‘significant’

The new design and distribution obligations regime could increase costs that could be passed onto consumers,

6 February

Financial advice

ClearView named as Risk Company of the Year

The life insurer not only won the main prize but three other awards during the ceremony today.

21 January

Financial advice

A third of life clients considering changing advisers

A third of advised life insurance clients are considering changing their advisers because of the cost, lack of

17 December

Financial advice

NAB’s NULIS clears one ASIC hurdle, faces another

National Australia Bank’s superannuation trustee, NULIS, has cleared one regulatory hurdle but is still locked in

Market Insights

Themes driving the need for a more sustainable approach to investing

29 January 2021

Beyond the digital frontier

25 November 2020

Finding sustainable companies that thrive

20 November 2020

Doing the right thing: ESG and EMD

30 September 2020

Andrew James McAlister

A much better name than MTAA, since its open for anyone. I like it.

Merged Tasplan and MTAA Super to be named Spirit Super 6 days 3 hours ago

Sue

So, not as bad as the doomsayers were leading us to believe. Any chance of a public apology from...

Australian pension assets grow despite pandemic 1 week 1 day ago

Guy

So true - our people are our greatest asset. Just as our investors and members are. We need to...

Fund mergers highlight focus on people 2 weeks 6 days ago

Dave Peckitt

Hi do you have any info on financial planners in perth? I'm looking to consolidate my super...

Six superannuation consultancies prove stand outs 1 year 7 months ago

Anonymous

This is the most ill informed comment I have ever seen. Why on earth would you think Superannuation...

We aren’t anyone’s secretariat says AustralianSuper 6 months 4 weeks ago

Axl

That's 'toe the party line'.

We aren’t anyone’s secretariat says AustralianSuper 7 months 2 weeks ago