Super changes kick in for FY2023–24; Higher bar for life insurers in new financial year

As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their superannuation as multiple changes take effect.

The Financial Services Council and Council of Australian Life Insurers have welcomed the new Life Insurance Code of Practice, coming into effect 1 July 2023, that will deliver higher standards and stronger consumer protections.

AUSTRAC has concluded its external audit of Bell Financial Group after more than a year and has released its verdict.

Despite market volatility, the dividend yield outlook for financial year 2023 sits at around 4.4 per cent for the ASX 200, in line with the long-term trend of around 4.5 per cent a year excluding the benefit of franking credits.

From 1 July, the national dealer group will officially begin operating as a profit-for-purpose organisation, donating 100 per cent of its profits to nominated charity partners.

Two new board members have been appointed to join the Council of Australian Life Insurers (CALI).

After the sun eventually set on their successful sporting journeys, these elite athletes continued to pursue new frontiers in financial services for their second careers.