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Showing 41 - 50 of 61 results for "Financial Services Minister"

ASX: Breakdown unrelated to Monday's Chi-X launch

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
... investment in our systems to ensure we deliver world-class products, latency and reliability." Both ASX and financial services minister Bill Shorten said the breakdown was unrelated to the arrival of competitor Chi-X in three days time, nor would it ...

Intrafund advice a sticking point for Stronger Super group

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
... of the Stronger Super reform process." Paul Costello, chairman of the group, handed his report to Financial Services Minister Bill Shorten last week, and the Government is considering the recommendations.

Industry brawl erupts over super network ads

ALISON BEVEGE  |  FRIDAY, 15 JUL 2011
... of the commissions system, and that was why opt-in was a necessary consumer protection. Last month Financial Services Minister Bill Shorten told financial planners at a luncheon organised by the Association of Financial Advisers that the industry needed ...

Minister faces down advisers over opt-in, risk

ALISON BEVEGE  |  TUESDAY, 28 JUN 2011
Financial Services Minister Bill Shorten yesterday faced financial advisers upset over two planks of the Future of Financial Advice reforms, answering questions but firmly rejecting criticisms. The tension was palpable at the Association of Financial ...

Industry funds, independent platforms stand up for FOFA reforms

ALISON BEVEGE  |  WEDNESDAY, 1 JUN 2011
... intense lobbying of the independents by financial planners. Financial advisers were instructed by shadow financial services minister Senator Mathias Cormann on May 19 to target the four independent members of the Federal House of Representatives in their ...

Oakeshott won't back FOFA

ALEX DUNNIN  |  THURSDAY, 26 MAY 2011
... interested to see if the Coalition wishes to go further," he told Business Spectator. The opposition shadow financial services minister Senator Mathias Cormann has already jumped on Oakeshott's comments. "The Coalition has said from the outset that Labor's ...

Advisers launch FOFA attack

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
... insurance commissions in superannuation would increase the nation's undersinsurance problem. While Financial Services Minister Bill Shorten was not available for comment in time for publication, the Government's position has been made clear. The FOFA ...

Advisers sacked, fees halved in "doom" scenario

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... per adviser with FOFA as opposed to $298,000 without, the report said. The report was issued before Financial Services Minister Bill Shorten's release of the FOFA changes but the numbers were so large that they still presented an issue for planners. ...

High level super talks on now

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
Top superannuation fund chiefs are today locked in high-level talks with Financial Services Minister Bill Shorten on a range of issues including raising the superannuation guarantee. Pauline Vamos, chief executive of the Association of Superannuation ...

Advisers fear super fund competition

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
... At a recent Financial Planners Association luncheon in Sydney, advisers made their fears known to Financial Services Minister Bill Shorten in question time. "How do we compete with industry funds who run advice paid for across their entire membership," ...