New measures governing limited recourse borrowing arrangements (LRBA) entered into on or after 1 July mean borrowing and many other aspects of running an SMSF may become more complicated prompting a call for trustee action now from an industry lawyer.

The government has today announced the new one-stop shop for financial complaints is now being solidified and will soon commence providing consumers and small businesses with access to free, fast and binding dispute resolution.

The latest analysis into retirement trends has revealed the financial services industry may have underestimated the dramatic falloff in retiree spending as they age.

The SMSF Association has announced the appointment of Jeremy Cooper to its public policy committee, which it claims demonstrates the peak industry body’s commitment to have the right policy settings for retirement income, superannuation and financial services.

The Institute of Public Accountants (IPA) has highlighted a disconnect between the Australian Securities and Investments Commission’s (ASIC) ability to raise revenue for government coffers and its capacity to do its actual job of regulation and enforcement.

The Association of Superannuation Funds of Australia (ASFA) has rejected the Grattan Institute’s calls to dump the bipartisan policy of lifting the superannuation guarantee (SG) to 12 per cent.

AMP has announced Catherine Brenner has resigned as its chair and will step down from the board effective immediately.