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Showing 1 - 10 of 10 results for "Delivering Better Financial Outcomes"

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, which was introduced in parliament on March 27, proposes to legislate trustees' ability ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... (OFA) and overhauling financial services guides (FSG) are set out in Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024. The first set of reforms will streamline ongoing fee renewal and consent requirements, including ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... to bolster the availability and affordability of "simple personal advice" as part of the Delivering Better Financial Outcomes package of reforms, which includes creating a new class of financial advisers called "Qualified Advisers" (QAs) who will not ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... banks, super funds, and insurers. On the point that accountants appear to be missing from the Delivering Better Financial Outcomes proposed changes, Heffron Consulting managing director Meg Heffron is hopeful that there will be a place for accountants ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... submission to the Retirement Phase of Superannuation consultation, the institute wrote that the Delivering Better Financial Outcomes package of reforms could prove invaluable to retirees and pre-retirees as they navigate a labyrinthine system. One of ...

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... handed down its first phase of financial advice accessibility reforms on December 7. The Delivering Better Financial Outcomes report sets out a number of changes that include offering better scaled or limited scope advice, and introducing a new class ...

A third of Aussies want life insurance advice: Research

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
... getting the right advice to make that a reality." With the the government's next phase of its Delivering Better Financial Outcomes package released today, CALI called for expanding the type of advice life insurers can provide their customers to help ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... approval for superannuation funds to provide personal advice. In its final report, titled Delivering Better Financial Outcomes, the government said it will introduce a modernised and flexible best interests duty which will apply to all providers of advice ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Statement of Advice (SoA). Released today, the proposed legislation is the first tranche of the Delivering Better Financial Outcomes package of reforms and is open for consultation until December 6. Treasury Laws Amendment (2024 Measures No. 1) Bill ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... to consumer protections," Jones said. "The government will issue its final response on the Delivering Better Financial Outcomes package later in 2023." No going back In adopting the bulk of the recommendations immediately, Jones flagged that the government ...
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