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ASIC flags gaps in super fund valuations
|ASIC has called for stronger scrutiny of unlisted investments after finding persistent weakness in how some superannuation funds and auditors assess asset valuations, raising concerns about the accuracy of members' retirement balances.
IMF sees inflation above RBA target through 2027
|The International Monetary Fund (IMF) has projected Australia's inflation to ease to 3.1% in 2027 from 3.9% this year, leaving it outside the Reserve Bank of Australia's (RBA) target range of 2% to 3%.
Treasury consults shifting tax debts from victims to abusers
|Treasury is consulting on extending the powers of the Australian Taxation Office (ATO) to strengthen its response to financial abuse.
Former adviser defies permanent banning orders
|Former financial adviser Ezzat Daniel Nesseim has defied ASIC's permanent banning orders and is in the process of being prosecuted.
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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.