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Advice associations respond to Federal Budget

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2017
In the wake of new Budget measures to ease pressures on housing affordability, the Financial Planning Association of Australia reinforced its stance that superannuation should not be made accessible to first home buyers. Under proposals made in the ...

New data feeds will save advisers time: ANZ

EMMA RAPAPORT  |  WEDNESDAY, 10 MAY 2017
... policy information to XPLAN later this year. ANZ Wealth head of life insurance, Gerard Kerr, says these enhancements will save advisers time when preparing quotes for OneCare. "This next step will mean advisers can easily transfer details of existing ...

Federal Budget is a Ginger Spice

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
The Government has handed down a "Ginger Spice" rather than a "Scary Spice" of Budgets this year, according to IOOF head of technical services Martin Breckon. Explaining himself, Breckon said the Budget appeared to be designed to avoid any comparisons ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
Treasurer Scott Morrison's Budget missed the mark in setting superannuation policies right, proving they cannot be trusted with more than $2.1 trillion in assets, according to the Federal Opposition. Shadow Treasurer Chris Bowen and Shadow Revenue and ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... legislative change." "Super is designed as a long term investment for retirement income purposes, so using it as a vehicle to save for a home deposit is sending a mixed message about the objective of super," AIST chief executive Eva Scheerlinck said. ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
The entire wealth management and financial services sector will be impacted by the 2017 Federal Budget, a document that's received mixed reviews and needs caution in its digestion. Financial advisers will face several challenges as they attempt to navigate ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... now be able to make voluntary contributions (limited to $15,000 per year and capped at $30,000) to their superannuation to save for a house deposit.

Pre-retirees robbing Peter to pay Paul: REST

EMMA RAPAPORT  |  TUESDAY, 2 MAY 2017
... is too get onto the property market - if you're paying off your HESCS debt, it is even harder to than it ordinarily is to save up the deposit." As part of the 2017 Budget, education Minister Simon Birmingham announced last night that students will face ...

AIA launches flexible premium structure

KARREN VERGARA  |  MONDAY, 1 MAY 2017
... client's situation and cover chosen, term level premiums can provide significant savings during the initial term and could save them 50% or more when compared to level premiums, according to AIA Australia and New Zealand chief executive Damien Mu. Mu ...

Wealth transfer poses advice business risk

ALEX BURKE  |  FRIDAY, 28 APR 2017
... wealth is booked in discretionary mandates. While regional preferences vary, in general HNW investors reach out to advisers to save time and benefit from expertise of professionals they have been working with. Wealth managers can cash in on this relationship." ...