News : Regulation

Regulation, Superannuation, Tax

Super policies still causing confusion after poll

SMSF advisers need to inform clients as to what superannuation policies now apply to prevent any confusion they may still have after the federal election.

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Business News, Regulation

SMSF sector will be reviewed in time

SMSF; review; industry fund

The head of a major industry super fund has claimed the SMSF sector will be reviewed, but has not identified any structural problems requiring a review.

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ASIC, Regulation

Legacy complaints now under AFCA’s remit

The Australian Financial Complaints Authority is now able to deal with legacy complaints about the financial services industry as a result of approval granted by the Australian Securities and Investments Commission.

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Appointments, Regulation

Labor names new face in financial services role

The federal opposition has used the recent election to reshuffle its shadow ministry portfolios and, like the government, has selected a new face to deal with the financial services sector.

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ATO, Regulation

ATO incorporates social media in enforcement action

Social media has emerged as one of the means the ATO is using to toughen up its enforcement activities against the provision of illegal SMSF advice.

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ASIC, Regulation

Licence applicants face difficulties on PI cover

Advice licence applicants are facing trouble in getting approved due to difficulties in securing PI insurance, according to a financial services legal firm.

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Regulation, Superannuation

SMSF changes must be aligned to super objective

Further changes to SMSFs need to be assessed against the objective of superannuation to avoid further instability being added to the sector.

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Regulation, Superannuation

Super policies result in unstable future

Super fund members are not being offered stability by either major political party despite past calls for more certainty in the sector.

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ASIC, Regulation

Queensland adviser cops five-year ban

A financial adviser has been given a five-year ban by the Australian Securities and Investments Commission for breaching his legal requirements as an Australian financial services licensee authorised representative.

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Regulation, Retirement, Superannuation

Call for stability in super election policies

A representative group for retirees has called for a consistent approach to superannuation from the next federal government to overcome a lack of confidence in the sector.

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