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Showing 71 - 80 of 1071 results for %22Super Consumers Australia%22

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... subsidies, the political fight they could ignite might not be worth it, he added. Industry bodies, including Super Consumers Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... Advice Solutions was convicted in a Queensland court for cold-calling consumers and trying to convince them to switch their super fund, copping a $70,000 fine. National Advice Solutions' AFSL was cancelled in December and its two responsible managers ...

ASIC acts to combat financial inequality for First Nations people

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... outcomes for First Nations peoples by using the learnings from the consultation to inform its work with First Nations consumers. The Framework outlines long-term outcomes that require ongoing collaboration and engagement between ASIC and its stakeholders ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide personal advice to their members regarding their interests in the fund, including the ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran said the regulatory framework proposed by review chair Michelle Levy will result in independent ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... provided by an individual who is not a financial adviser. "Happily, I do not think it is necessary or in the interests of consumers to require all personal advice to be given by a financial adviser," she said. Perhaps the most controversial element of ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... one-off and applied for the duration of the policy and only applicable to life risk products. Turning to superannuation, super fund trustees should be able to provide personal advice to their members about their interest in the fund, the final report ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Stephen Jones, the JAWG said the government's response to the QAR should prioritise the needs of everyday Australian consumers. While compulsory superannuation has numerous benefits for Australians, the JAWG warned without policy improvements, only a ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... from high performing, low fee profit-to-member funds into poorer performing retail funds." "A typical experience was for a super fund member to be cold called by an intermediary generating business for a financial planner, told their fund was "high risk" ...

Superannuation objective: Australians want retirement income

ANDREW MCKEAN  |  FRIDAY, 27 JAN 2023
Financial Services Council (FSC) research found Australian's support legislating an objective for super that focuses on delivering retirement income. A focus group study conducted by CT Group revealed Australian consumers' awareness, understanding ...