News

Financial Planning, Regulation

Hayne calls for end to grandfathered commissions

The banking royal commission’s final report has called for the scrapping of grandfathered commissions and for those relating to life/risk advice to be reduced to zero.

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Regulation, Superannuation

RC report targets super selling, default funds

The unsolicited selling of super funds will be banned and superannuants will be defaulted a single time as a result of the recommendations from the banking royal commission.

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Superannuation

SMSF Party achieves registration mark

Grant Abbott headshot

Grant Abbott’s SMSF Party has gained enough members for it to register as a political party.

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Investments

Gold, silver top significant items held in SMSFs

Gold and silver are the most popular big-ticket SMSF assets.

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ASIC, Financial Planning

SMSF adviser pleads guilty to $4.88 million theft

A former Adelaide-based SMSF adviser has pleaded guilty to multiple counts of theft totalling more than $4.8 million.

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ASIC, Financial Planning

ASIC halts ongoing fees at CBA advice firm

ASIC has ordered Commonwealth Financial Planning to stop charging advice service fees after it failed to resolve some issues related to fees for no service.

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Investments, Property

DomaCom announces bank pilot program

DomaCom has partnered with a big four bank to use its investing model for a pilot program.

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LRBA, Property, Regulation

SMSFA fights LRBA ban

The SMSF Association has argued against a ban on LRBAs, instead urging more consumer protection around the debt instrument.

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Compliance

Ethical practices more than just good behaviour

Ethical practices in financial services will need to come from an inherent culture and not a set of arbitrary standards according to leading ethicist.

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Superannuation

Emergence of SMSF Party raises questions

The formation of an SMSF-centric party has raised concerns about moving super into politics.

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