Australia
Australia’s Westpac to remove sales incentives for staff
One of Australia’s big four banks, Westpac Banking Corp, has announced plans to remove all product related incentives from frontline staff in its retail branches as part of efforts to rebuild trust with its customers.
Australia scraps A$500k lifetime superannuation cap
The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime cap curbing the amount people can save into their pensions.
Tax & Regulation | 9 Sep 16
Australian superannuation cap still on the agenda
Contentious proposals to cap lifetime superannuation fund contributions were not included in the first tranche of draft legislation released by the Australian treasury on Wednesday but remain under consultation.
Best Practice | 30 Aug 16
Australian regulator publishes digital advice guide
The Australian corporate regulator has released formal guidance on providing robo-advice or other forms of digital advice to retail clients in order to help the growing band of start-ups and fintech companies entering the field.
Best Practice | 22 Aug 16
Using advisers makes Australians feel more retirement ready
Australians using financial planners or advisers are almost four times more likely to feel financially prepared for their retirement than those who don’t.