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Showing 1 - 10 of 3894 results for "financial advice"

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... supports the intent of Recommendation 7, trustees should nevertheless "not be obliged to check every piece of financial advice as the bill simply codifies current practice into law." Many stakeholders who submitted feedback to the inquiry referred to ...

Early contributions boost retirement balances

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... founder Paul Feeney said that innovative technology is key to delivering scalable, affordable, and accessible financial advice to everyday Australians. "Otivo's recent modelling shows just how much starting extra super contributions early can boost ...

Inflation weighing on next generation of retirees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... without benefits. Natixis country head of Australia and New Zealand Louise Watson said Gen X is highly in need of financial advice. "Gen X are facing a complex set of circumstances that perhaps make them the generation with the greatest need for financial ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
The rapid expansion of artificial intelligence (AI) applications in the financial advice industry has led to a prediction that ASIC could soon incorporate AI into its compliance and audit checks of advisers. Financial technology firm Padua envisions ...

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... online sources, such as Google, used by 42% of respondents. "This is very concerning because we know quality financial advice can make a real difference to the retirement outcomes and experience for Australians," Shrimski said.

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
The Financial Advice Association Australia and members say the super lobby group should formally apologise for its recent remarks about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... Institute of Superannuation Trustees (AIST) was lobbying for anti-hawking legislation to be extended to include financial advice businesses employing third parties to cold call unsuspecting consumers and lure them into receiving financial advice and ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... Amendment (Delivering Better Financial Outcomes) Regulations 2024 has five sections that aim to make access to financial advice more affordable by cutting some of the red tape advisers endure. Stakeholders have until July 8 to have their say. The draft ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... Resort (CSLR) made its first payments to four victims totalling more than $360,000, three of which related to bad financial advice. One payout of about $145,000 related to inappropriate personal financial advice provided to a victim from Sydney. AFCA ...
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