On 1 July 2023, the Department of Social Services increased the Exempt Funeral Bond Threshold on Funeral Bonds to $15,000 for the 2023/24FY. This reflects the impact of cost of living pressures over the last 12 months.
Existing and new Funeral Bond policy investors can now have up to $15,000 in contributions invested in a Funeral Bond and have the amount …
KeyInvest is pleased to advise that APRA has approved the merger of the AFS Funeral Benefit Fund (Non Assessable) and the AFS Funeral Benefit Fund (Taxable) into the KeyInvest Funeral Bond effective 31 March 2023. The merger of these Funds streamlines the investment management, custodial, accounting and reporting framework for these three Funds into one Fund and provides former AFS …
KeyInvest was proud to be a sponsor of the Future2 Wheel Classic 2022. Between April 1st and April 6th, participants cycled 900km’s and climbed over 11,500m (more than Everest). More than $64,623 was raised to help young Australians aged between 12 and 25 years who are experiencing social, financial or physical hardship.
Future2 is the foundation of the Australian Financial Planning …
From 1 July 2021, an Advice Fee Consent Form must accompany all new business applications for the Life Events Bond and Funeral Bond that have ‘ongoing advice fee’ arrangements.
The Royal Commission made recommendations to introduce annual renewal of ongoing fee arrangements and a requirement that advisers cannot receive ongoing advice fees without first obtaining consent from their client.
Below are links …