News

Regulation

AFCA backs compensation scheme

AFCA compensation scheme

The establishment of a compensation scheme of last resort to protect consumers who have fallen victim to the misconduct of financial services firms has received strong support from the Australian Financial Complaints Authority.

read more
Financial Planning

Advice group unveils self-licensed support

self-licensed support service

Lifespan Financial Planning has launched a support service for self-licensed financial advisers that will draw on in-house and external partner expertise.

read more
Retirement, Superannuation

No negative retirement changes

superannuation changes negative SISFA

Any changes to the superannuation and retirement saving system should lead to no negative consequences for consumers, according to SISFA.

read more
ASIC

ASIC permanently bans Sydney SMSF adviser

Sydney-based financial adviser

ASIC has permanently banned a Sydney-based SMSF adviser after she was found guilty of misappropriating money from clients’ funds.

read more
Compliance, Regulation

System fine without active member test

Active member test

The active member test for overseas SMSF trustees would become irrelevant if the current approach to rollovers and personal contributions was improved, an SMSF expert says.

read more
Retirement

Retirement facts before fixes

Retirement Income SISFA

Information collected by the Retirement Income Review should not be used to shore up current problems but improve the system for the long-term, claims SISFA

read more
Education

Partnership delivers new CPD courses

New CPD courses

Western Sydney University School of Business and online education provider OpenLearning have combined forces to produce a new suite of continuing professional development courses for the financial services sector.

read more
Financial Planning, Regulation

Recommendations will alter fee arrangements

Royal commission recommendations

The next round of Hayne royal commission recommendations to be implemented may alter the frequency with which advisers get approval for their fee arrangements.

read more
ATO

TBC indexation not for 2020

Transfer balance cap indexation

The ATO has announced indexation of the general TBC will not go ahead in July and also reminded trustees investing in property of their GST obligations.

read more
Financial Planning

Plea for AMP planner mediation

Financial planning mediation

A call has been made by the Australian Small Business and Family Enterprise Ombudsman for AMP to commit to mediation regarding the removal of up to 250 financial planning practices from its advisory network.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.