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Hanson backs Dixon Advisory inquiry
A public inquiry into the collapse of Dixon Advisory will soon launch after the Financial Advice Association Australia (FAAA) gained support from Senator Pauline Hanson in the senate yesterday.
Government consults on laxing legacy super product rules
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds.
ASFA launches new initiative to fight financial crime
The Association of Superannuation Funds of Australia has launched the ASFA Financial Crime Protection Initiative (FCPI).
Growth of SMSFs, Div 296 opportunity for advisers
A new report published by the SMSF software provider has revealed growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax.
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The embedded value of digital vaults
Those of us working within the financial services industry are only too aware how important it is to safeguard sensitive information against data breaches ...
NALE: There's still work to be done
Recent legislative amendments have reduced the tax penalty for some expense shortfalls but not all.
Super funds need to get better as they get bigger
While rapid growth sounds like a good problem to have, many superannuation funds are wrestling with it.
Navigating the stage three tax cuts with certainty
This year, the first of July marked more than just the start of the new financial year; it was also the beginning of the government's stage three tax ...
Featured Profile
Daniel Farmer
CHIEF INVESTMENT OFFICER
MLC ASSET MANAGEMENT PTY LIMITED
MLC ASSET MANAGEMENT PTY LIMITED
Dan Farmer has been chief investment officer of MLC Asset Management for a little over two years now, and after spending 17 years at TelstraSuper and 12 years with IOOF, it's safe to say he's in it for the long haul. Eliza Bavin writes.
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It is time the Labor Party and their comrades in the Industry Super Funds network realised that the ball game has now changed and we have adults running the show who do not have particular ideological agendas. Opt in should never have been legislated as clients can leave a Planner when ever they choose to do so.
The inclusion of FDS for pre-1/7/2013 clients was added by stealth by shifty Bill when the legislation was released even though this had never been proposed in all original negotiations. All this did was add costs to the provision of Financial Planning Services with no benefit to the consumer.
I am writing as a Chartered Accountant who has been providing Financial Planning Services for nearly 27 years. I am sure I would have a better understanding of this profession than either Bernie Ripoll of David Whitely.
Bernie Ripoll is still out of touch with the Financial Services Industry and does not understand. Did not understand before and produced a report that was biased against advisers and planners whom he quite clearly detests and wants expunged.
This is why the ALP has no idea of where it is going. The next thing we will have is Ripoll endorsing the idea that Unions are free of corruption and scams and the at the earth is flat.
Surely the ALP can find someone better than Ripoll to be the shadow Minister.