Government seeks to implement two Royal Commission recommendations

The Government wishes to implement two recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry by amending some of its superannuation legislation in the Senate.

The changes are being made to a Bill, the

Royal Commission could lead to advice becoming a “true profession”: SMSFA

Implementing the reforms called for in the Hayne Royal Commission would ensure that financial advice becomes a profession, says the SMSF Association.

SMSF Association CEO John Maroney said the reforms set out in the final report of the Royal Commission

Government demands Labor respond in full to Banking Royal Commission

The Government has accused Labor of putting politics ahead of policy – demanding that Labor respond in full to the recommendations of the Banking Royal Commission, despite its own response lacking detail.

“The Government received Commissioner Hayne’s Final Report on

Government may not fully adopt Royal Commission super recommendations

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry – the Banking Royal Commission – has given its final report, making a number of recommendations on superannuation.

Treasurer Josh Frydenberg says that the Government is “taking

Banking Royal Commission final report to be released 4 February

The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry – commonly referred to as the Banking Royal Commission – will be publicly released late on Monday 4 February 2019, the Government has

Banking Royal Commission report should be released 1 Feb: Labor

Labor Shadow Treasurer Chris Bowen has called on the Government to release the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry as soon as it is received.

The Banking Royal Commission is

Satisfaction with super fund falls while Royal Commission looking at sector

Consumer satisfaction with the financial performance of their super funds has fallen at the same time as the Banking Royal Commission was holding hearings into the sector.

Comparing statistics released by Roy Morgan Research for August 2018 to figures for

Treasurer will be responsible for responding to Banking Royal Commission

The Treasurer will be responsible for responding to the Banking Royal Commission. However superannuation will be divided between the Treasurer and Assistant Treasurer.

Treasurer Josh Frydenberg has announced the ‘Treasury portfolio arrangements’, mostly clearing-up who is responsible for what. It

How can regulators be encouraged to act on misconduct?: Banking Royal Commission

“What can be done to encourage the regulators to act promptly on misconduct or potential misconduct?” That is one of the questions put to the Banking Royal Commission by Counsel Assisting in the closing submission on the recent superannuation hearings.…

Super fund members vulnerable, have been taken advantage of: Banking Royal Commission

Super fund members are vulnerable – like most beneficiaries – and many are disengaged and disadvantaged by a lack of financial literacy, Counsel Assisting Mr Hodge QC has told the Banking Royal Commission.

He said that members are “readily