News : Financial Planning

financial advice, Financial Planning, Retirement

Retirement advice too complex for super funds

May 7, 2025

Financial Advice Association Australia, FAAA, Delivering Better Financial Outcome, DBFO, Treasury, retirement,

Retirement planning guidance should not be provided by super funds as it is too complex to sit under a simple advice model and requires a qualified practitioner to deliver.

Calls for reform greet govt return

Industry groups have responded to the re-election of the Albanese government by calling for advice and tax reforms to be introduced during its second term in power.

May 6, 2025

Lara Caughey

Industry groups have responded to the re-election of the Albanese government by calling for advice and tax reforms to be introduced during its second term in power.

Collective advice model inequitable

Collective advice, superannuation funds, fee-for-no-service, Institute of Financial Professionals Australia, IFPA, Delivering Better Financial Outcomes, APRA funds, intra-fund advice, fee-for-service

May 5, 2025

Jason Spits

Collectively charging super fund members for advice was unfair to those who did not use it and opened the door for a return of fee-for-no-service arrangements.

Govt must start advice reform

The FAAA has called on the government to implement a number of key reforms to the advice sector following its return to office in the federal election over the weekend.

May 5, 2025

Lara Caughey

The FAAA has called on the government to implement a number of key reforms to the advice sector following its return to office in the federal election over the weekend.

Div 296, CSLR priorities for Liberals

Opposition financial services spokesman Luke Howarth has stipulated a coalition government will scrap the Division 296 tax and change the CSLR..

April 28, 2025

Darin Tyson-Chan

Opposition financial services spokesman Luke Howarth has stipulated a coalition government will scrap the Division 296 tax and change the CSLR.

Poor SMSF advice leads to $11m penalty

April 24, 2025

Jason Spits

A licensee that provided cookie cutter advice about property investments via SMSFs has received a multi-million dollar fine.

Three licensees cop enforcement action

April 9, 2025

Darin Tyson-Chan

ASIC has taken punitive action against three Australian financial services licence holders for allowing unregistered authorised representatives to provide personal financial advice.

SOAs to go under further DBFO reform

Delivering Better Financial Outcomes, DBFO, Stephen Jones, Treasury, Federal Election, Parliament, Client Advice Record,

March 24, 2025

Jason Spits

The statement of advice may soon be replaced with a client advice record under the next stage of the government’s advice reform package.

Advice can offset retiree stress

March 24, 2025

Lara Caughey

Many Australians are concerned about their finances in retirement, but access to advice is available to many of them and they should seek it as soon as possible.

Trustees obliged to approve advice payments

SMSF trustees, financial advice, superannuation, tax, IPFA, Institute of Financial Professional Australia, Natasha Panagis,Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, financial advice fees, tax deduction, ATO, draft practical compliance guideline

March 10, 2025

Jason Spits

Trustees should be reminded advice fees can now be charged back to an SMSF, but they will need to examine and sign off each time a member requests this type of payment.

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