Govt should fund review of advice regulation – CPA Australia The Federal Government should fund a review of the tangle of regulation covering the provision of financial advice in circumstances were accountants and advisers are being driven out of the sector and consumers and small business clients are being alienated. For more.

Extend compensation scheme to MISs says AFCA The Australian Financial Complaints Authority wants any new compensation scheme of last resort to cover the whole industry, including Managed Investment Schemes, and to be funded on a whole of industry basis. For more.

AMP’s $5.175m penalty a ‘deterrent’ The Australian Securities and Investments Commission has driven home the message that it will look beyond adviser misconduct to those who allowed it to occur. For more.

AMP fined $5.2m for insurance churn The Australian Securities and Investments Commission has announced that AMP has been ordered to pay $5.175 million penalty after failing to prevent insurance churn by its financial planners. For more.

Was 2019 better for Australian or global small/mid cap funds? Small/mid cap funds performed well last year but the Australian focused funds had a greater disparity between the top and bottom performers. For more.

Women focus needed in retirement review While the superannuation system is not designed to discriminate against women, it exacerbates the inequality, according to KPMG. For more.

FPA, AFA bushfire pro bono program opens The two associations have come together to help those impacted by the bushfires to rebuild financially. For more.

Lifespan launch new service for self-licensees Lifespan Partnership will offer support for self-licensees and advice businesses wanting to transition to their own individual Australian financial services licence. For more.

Pacific Life Re appoints head of client solutions Martyn Gilling has been appointed by Pacific Life Re Australia as head of client solutions. For more.

The future of super contribution strategies David Barrett outlines what advisers need to consider to ensure their clients get the most out of their superannuation contributions going forward. For more.

Preparing for an SMSF audit SuperConcepts’ Graeme Colley explains why self-managed super funds are likely to come under more scrutiny following recent court decisions and how trustees and their clients can be prepared. For more.