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Showing 311 - 320 of 1947 results for "Proposal"

Consultation opens on NALI amendments

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
The government has released a consultation paper outlining possible amendments to the non-arm's length income (NALI) provisions relating to superannuation funds. It explained a potential change to self-managed superannuation funds and small APRA-regulated ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
There has been an uptick in new entrants to the paraplanning sector in the past 12 months, however there's still no telling where the industry is going. The Paraplanner Hub and Tanngo's Australian Paraplanner Survey 2022 shows the majority of ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
The Australian government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying ...

FPA, AFA merger talks continue

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
... new name for the proposed merged association and we have appointed a branding agency to review responses and develop a proposal for a new name and brand," he said. "It is important that the name of the proposed merged association reflects member views." ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
... legislation, scoping order consolidated exclusions, exemptions, and thematic rulebooks. FPA chief executive Sarah Abood said the proposal is in line with the association's long-held position that the legal obligations placed on individual financial planning ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
Taking a leaf out of Australia's book, the UK's Financial Conduct Authority is consulting on measures to improve the access to and affordability of financial advice - a move that would see the establishment of a simplified regime in addition to the ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... being an election policy. Senator Andrew Bragg told Financial Standard that the faith-based carve out was a ridiculous proposal which would've opened the floodgates to supplementary performance tests to the detriment of product holders. Correspondingly ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... test." Speaking to Financial Standard, Senator Andrew Bragg said that the 'faith-based' carve out was a ridiculous proposal from the government. "Introducing supplementary performance tests for MySuper products, goes against the purpose of these ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
The Quality of Advice Review's (QAR) proposals will help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC) ...

Financial advice adds $150k in retirement: Analysis

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2022
Research from Aware Super suggests members who access financial advice end up $150,000 better off in retirement compared to those that don't. From a sample of over 100,000 members, some of which received comprehensive advice, Aware Super found those ...