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A parliamentary joint committee (PJC) has recommended Tax Agent Services Act (TASA) changes be reintroduced to parliament and passed with only slight changes.

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The industry fund sector has warned against so-called “scope creep”, which could see providers of intra-fund advice caught up in the Tax Agent Services Act (TASA) regime.

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There is a general cynicism about the benefits of MySuper reforms among super fund leaders, according to new research by Buchan Consulting.

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Colonial First State (CFS) has entered the low-cost superannuation market with its MySuper-compliant, low-cost ‘life stage’ fund Commonwealth Essential Super.

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There is potentially systemic risk in the global system, caused in part by the inability of the markets to adequately price risk premiums among high yielding assets, according to Fred Goodwin, a macro strategist at State Street Global Markets.

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Provisio Technology says its acquisition by Rubik Financial, which was finalised yesterday, will allow it to broaden its reach from the scaled to the comprehensive advice market.

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Australia is likely to surpass the United States in lifecycle fund investing by the end of the decade, as the baby boomer generation starts retiring.

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The first quarter of 2013 saw the huge growth in funds under management (FUM) seen in 2012/2013 continue. However, another annual correction looks set for the final quarter, according to new data from Plan For Life.

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ifa Magazine

Stormy Skies

Professional indemnity is a sore point among advisers - some claim that if costs continue to rise, they may have to exit the market. So what's happening with PI, and who is feeling the pinch? Read more >>