Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 105 results for "Senate Economics Committee"

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... "reckless." The bank has issued a statement, following yesterday's release of the final report of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investments Committee (ASIC), which was prompted by cases of ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... (ASIC) chairman Greg Medcraft said, ahead of the Senate report on the inquiry into the regulator. The Senate Economics Committee is expected to report its conclusions on the extensive inquiry into ASIC's performance that was prompted about a year ago ...

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Commissions have already been banned," Ripoll tweeted shortly after Cormann released a response to the Senate Economics Committee report on the government's proposed changes to the Future of Financial Advice (FoFA) law. Ripoll, who conducted the inquiry ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Rantall spoke shortly after Minister for Finance Mathias Cormann issued a response statement to the Senate Economics Committee report on the government's proposed changes to FoFA. "It is a historic day: commissions have been banned in Australia and we ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the Senate Economics Committee report about the government's proposed amendments to FoFA. "The government's changes to FoFA will be implemented through regulations ...

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
The SMSF Professionals' Association of Australia (SPAA) expressed concern at the Senate Economics Committee decision to back the government's amendments to the Future of Financial Advice (FoFA) law on conflicted remuneration. The organisation also said ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Minister of Finance Mathias Cormann is ready to issue a response to the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. A spokesperson for the Minister confirmed to Financial Standard that "the government will announce ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...