Corporate super specialists ask Treasury for FoFA exemptionBY JAMES FERNYHOUGH | FRIDAY, 7 JUN 2013 12:20PMThe Corporate Super Specialists Alliance is in talks with Treasury after the Australian Securities and Investments Commission (ASIC ) refused to grant a no-action letter to corporate super specialists. |
Editor's Choice
Mercer Super chief executive steps down
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.
AusFood Super looks to revitalise member engagement
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.
L1 Group posts 'marked recovery' in June quarter
L1 Group has reported a marked recovery in investment performance in the June quarter.
European PE firm mandates Apostle with Australian distribution
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The CSSA's website states that it endorses the Financial Planning Association (FPA's) six principles for financial planner remuneration. Given that the FPA are on board w/ the FoFA provisions, where does this leave this Association's claim for special treatment?
And, what breath-taking arrogance to suggest that only his organisation has the skill, expertise and knowledge to "fill the gaps in the market that FoFA will create". There are plenty of expert advisers that could very capably meet this requirements, and who's business models are FoFA ready and compliant.