Super funds face emerging risk from financial advisers on retirement income

A new competitive battleground is set to open up between superannuation funds as financial advisers become more familiar with and critical of the retirement income solutions offered by funds. The two financial services segments may find themselves at loggerheads as advisers begin to shop around for the best retirement solutions for clients.

Policy bungle tipped to delay superannuation advice reform

Minister for Financial Services Stephen Jones has admitted a mistake in the drafting of a bill relating to life insurance commissions paid to financial advisers. The government will now remedy the error, but the process will almost certainly delay the next round of reform, which many super funds are eagerly anticipating.

QAR super fees debacle headed for Senate showdown

Aware Super has joined the chorus of voices raising concerns over the lack of clarity around trustee obligations in the Quality of Advice Review legislation, while advice licensee groups are expected to push for amendments in the Senate.