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

Search Results

Showing 1071 - 1080 of 1948 results for "Proposal"

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System Inquiry (FSI). The proposal was made in light of the 105 FOS determinations made in favour of consumers that remain unpaid. The total amount owed by 22 ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
... Profession. It said the it would provide supplementary submission on education standards for advisers, as well as the proposal for a register of financial advisers, as this material is being developed in conjunction with current consultations with the ...

New players need support to enter financial services: Coles

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... to the entrance of new players in the financial services industry, Coles has said The retailer expressed support for a proposal laid out in the Financial System Inquiry (FSI)'s interim report to improve access for new entrants to the financial services ...

Higher adviser education should kick off on 2018: FPA

LAURA MILLAN  |  THURSDAY, 4 SEP 2014
New financial advisers should be forced to hold a higher education degree from January 1, 2018, the Financial Planning Association (FPA) said in its submission to a Parliamentary Joint Committee (PJC) inquiry. The PJC on Corporations and Financial Services ...

Body needed to monitor adviser competency: FSC

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
The financial advice sector is in need of change and a new Advice Competency Standards Board should lead the transformation, according to the Financial Services Council (FSC). The new body would oversee the development of competency standards, adviser ...

Call general advice 'sales': CBA

ALICE URIBE  |  FRIDAY, 29 AUG 2014
The Commonwealth Bank of Australia has recommended there be changes to the way that 'advice' is described in its second round submission that responds to the Financial System Inquiry's (FSI) Interim Report. In its 92 page submission published on the ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... support for "an extra compulsory superannuation contribution to assist in meeting the needs of people aged over 80," a proposal advanced by former prime minister Paul Keating. ASFA also listed under-insurance as a major priority. In its submission, UniSuper ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... where the Coalition outlined its position in favour of the reform, while Labor and the Greens opposed the government's proposal. The government's proposed changes to FoFA will now have to be voted for in the Senate, where Labor Senator and chair of the ...

Higher education will not fix advice industry problems: Accountants

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... education and an ongoing quality review program would also be part of this framework. The CAANZ holds similar views on the proposal to establish a national examination for financial advisers. "The approach to improve the competence and education of financial ...

IOOF completes SFGA buyout

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
IOOF has effectively completed the acquisition of 100% of the shares in SFG Australia, following the buyout proposal made public in May. As part of the scheme of arrangement, SFGA shareholders could elect to receive IOOF shares only or a cash alternative ...