APRA and ASIC issued a joint letter to all RSE licensees entitled Oversight of fees charged to members' superannuation accounts in early April 2019. The letter is in response to the so-called 'fee for no advice' issue that attracted so much ... Read more

In this article, we briefly outline the design and distribution obligations and ASIC's product intervention powers set out in recent amendments to the corporations legislation, and offer some reflections on the issues arising particularly for product ... Read more

Recently passed legislation, part of a package of reforms designed to 'protect Australians' superannuation savings from undue erosion by fees and insurance premiums', introduces a series of important changes that will create challenging ... Read more

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Commission) released its final report and the SuperConcepts technical team has assessed the implications for the SMSF sector. Read more

Much has been written about the disruptive changes that are continually assailing organisations and markets. Organisations that have been unable to adapt appropriately are being severely affected, including their failure to meet community expectatio ... Read more

The past several years have been characterised by a worldwide economic expansion that is broadly synchronised between the U.S., Europe and Asia. In 2017, the global economy grew by 3.7%, the fastest increase seen in seven years. Asia, which currently ... Read more

Over the past decade, the financial industry has made substantial progress in strengthening global market stability and enhancing resilience. Read more

Gaining greater control and investment flexibility are often significant motivators for people setting up a self-managed superannuation fund (SMSF). SMSFs provide the ability to invest in a wide range of investments, including direct property, unlisted ... Read more

A recent unanimous decision of the Full Federal Court represents a major win for SMSFs and taxpayers on the topic of the sole purpose test. This decision overturns the primary judge's decision at first instance in Aussiegolfa Pty Ltd v Commissioner ... Read more

How can it be that institutions spend huge amounts of money, resources and intellect on managing risk, and still find themselves being castigated by the press, politicians and social media for unacceptable attitudes and behaviour? Read more