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ARTICLE · 02 JUNE 2012

Superannuation & Funds Management - What's News? - 29 May 2012

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

Holding Redlich is a large national commercial firm with offices in Melbourne, Canberra, Sydney,...

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This newsletter includes the latest news, cases and legislation affectung superannuation and funds management.

AustraliaFinance and Banking
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News

FOFA disadvantages early move on fee-for-service
25-May-2012 - Draft regulation released on grandfathering and conflicted remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. The Financial Planning Association of Australia (FPA) manager said that while his organisation is seeking clarification, because product fees are excluded from a fee disclosure statement, trail commissions embedded in product fees would therefore be exempt. More...

APRA empowered to chase rogue superfund directors
24-May-2012 – The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 provides the Australian Prudential Regulation Authority (APRA) with the power to issue standards in relation to superannuation prudential matters and make the relevant consequential amendments. More...

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