Australia
Australian expats in the US could face taxes on super accounts
Australian expats living in the US may have to pay taxes on their superannuation pension accounts, following changes to the Internal Revenue Service’s (IRS) reporting requirements for such schemes.
Australian regulator signs fintech agreement with Kenya
The Australian Securities and Investments Commission (ASIC) has signed a cooperation agreement with the Capital Markets Authority of Kenya (CMA) in a bid to boost financial services technology for both countries.
Best Practice | 18 Oct 16
Australia plans new adviser standards watchdog
The Australian Government will introduce legislation this year to set up a new independent standards body to oversee the country’s 22,500 financial advisers, enforce uniform educational standards and police an official code of ethics.
Australia code of practice for life insurers gets thumbs up
A number of Australia’s major life insurers have endorsed the Financial Services Council’s Life Insurance Code of Practice, saying it should help to build consumer trust in the industry.
STM launches Australian expat super fund
The STM Group has launched a Gibraltar-based Australian superannuation scheme targeted at the expat market as part of a broader move into Australia’s retirement market.