11+ hour, 24+ min ago   (879+ words) Effective from 4 September, Garry Crole was banned from performing as a director or responsible manager or any function involved in carrying on a financial services business, which ASIC said was a result of concerns related to his former roles as…...

4+ day, 11+ hour ago   (466+ words) This data comes as the rest of the retirement and super sector tries lift confidence amid growing anxiety within the market and Australia faces down a ‘Silver Tsunami’ of retirees. According to the research, 35 per cent are aiming for $1.25 million…...

4+ day, 14+ hour ago   (493+ words) ASIC is looking closely at super trustees in the wake of Shield and First Guardian which means advisers should expect greater scrutiny when it comes to clients paying for advice out of their super, according to Joel Ronchi, chief executive…...

6+ day, 12+ hour ago   (600+ words) Garry Crole has been banned by the regulator for 10 years from performing as a director or responsible manager or any function involved in carrying on a financial services business, effective from 4 September. ASIC said the ban is the result of…...

6+ day, 12+ hour ago   (1040+ words) This provision allows super trustees to seek financial assistance from the Financial Services mister to cover losses resulting from fraud. In this case, that related to the $240 million lost across 2,079 members connected to Diversa. In his opening statement, Diversa independent…...

1+ week, 13+ hour ago   (248+ words) According to MLC Expand, the guide will show advisers and their clients how to locate important Australian Taxation Office (ATO) super information in MyGov. This includes total super balance, concessional contribution cap history, non-concessional contribution information and transfer balance cap…...

1+ week, 13+ hour ago   (484+ words) Image credit: Songsak C / stock.adobe.com Managed accounts have exploded in the advice industry over recent years off the back of increased need for efficiency within advice practices in a bid to nudge capacity higher, leading to total funds…...

1+ week, 4+ day ago   (1008+ words) Shield and First Guardian have dominated conversations across advice for at least the last 12 months after the funds collapsed and financial calamity ensued leaving investors’ retirement savings in the wind and financial advisers picking up the bill. Before that it…...

2+ week, 5+ day ago   (575+ words) The five priorities include: Focusing on the third point, ASIC will be paying particular attention to trustee deliver of fair and informed member services and trustee performance under the retirement income covenant. Sticking with the super focus, the regulator plans…...

3+ week, 4+ day ago   (400+ words) Advisers can now place clients into Allianz Retire+ guaranteed lifetime income solution using superannuation money without going through a platform, following the launch of Guaranteed Income for Life: Super+ (AGILE Super+). Allianz Retire+ said the pathway responds to adviser demand…...