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Showing 1061 - 1070 of 1727 results for "Provisio"

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. ...

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 ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
Banks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. ISA has called on the Australian Securities and Investments Commission (ASIC) to investigate the issue of ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
The government is intending to approve most changes to the Future of Financial Advice (FoFA) law through regulation first, despite Labor and the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the ...

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 ...

Future Fund staff bonuses stun public sector

ALEX DUNNIN  |  THURSDAY, 19 JUN 2014
Furore has erupted among the commonwealth bureaucracy following publication of the performance bonuses received by staff employed at the Future Fund Management Agency. While details of the bonuses were disclosed in the FFMA 2012-13 annual report they ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

IFM bets $1bn on US shale gas revolution

JAMES FERNYHOUGH  |  TUESDAY, 17 JUN 2014
IFM Investors has invested US$1 billion in a new liquefied natural gas (LNG) loading facility on Quintana Island near Freeport in Texas. The project will add liquefaction capabilities to the existing port at Quintana Island, allowing natural gas to ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
The Senate Economics Committee has shown broad support of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the ...