The federal government today released the first tranche of exposure draft legislation for superannuation reforms that were announced in the 2016 federal budget.

Federal Revenue and Financial Services Minister Kelly O’Dwyer has branded the super policy of opposition leader Bill Shorten backwards and an attack on aspirational Australians trying to save for their retirement.

The Australian Securities and Investments Commission (ASIC) has banned Park Trent Properties Group chief executive and director Ronald Cross from providing financial services for four years, after it was found he extensively and illegally publicised the purchase of investment properties through an SMSF to clients.

An efficient SMSF sector helped steer the whole superannuation industry to deliver value for all Australians, according to BT Financial Group chief executive Brad Cooper.

Mason Stevens today announced the launch of the first-of-its-kind direct bond investment service via a separately managed account (SMA) structure, designed for advisers seeking to build cost-effective goals-based client portfolios.

GPS Wealth has launched a complete software offering for accounting firms in a bid to help them deliver quality compliant advice and run more efficient practices.

The Federal Court has banned Bradley Grimm and Vanessa Ash from providing financial services for 20 and 10 years respectively and from managing corporations for 15 and seven years respectively after finding them guilty of dishonest conduct.

Class has announced it achieved an industry first last week, gaining ASAE 3402 assurance for its data feeds system.