The enforceable standard will remove 87% of all occupational exclusions and occupation based restrictive disability definitions that currently exist in the industry by 1 January, 2023.
The Corporate Collective Investment Vehicle (CCIV) regime is back on the agenda, with the government introducing legislation to attract more foreign investment yesterday.
Industry, regulators and consumer groups agree that the skyrocketing cost of financial advice is not in the national interest, but are split on the many and varied solutions.
The Corporate Collective Investment Vehicle will reduce tax barriers for Australian fund managers, while the retirement income covenant will require superannuation funds to have a retirement income strategy in place for members.