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Showing 91 - 100 of 198 results for "David White"

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Services Council (FSC) said that asking for a ban of commissions on general advice is "hypocritical" when intra fund advice itself is "non-transparent." FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia ...

FoFA changes to cost consumers millions

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
Consumers could be $530 million a year worse off as a result of the proposed amendments to the Future of Financial Advice (FoFA) reforms, a report has found. The report, carried out by Rice Warner and commissioned by Industry Super Australia (ISA) ...

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
The Financial Services Council's (FSC) request to review the constitution of the Fair Work Commission (FWC) expert panel on super and awards has met with opposition from Industry Super Australia (ISA). The FSC questioned the validity of the FWC expert ...

ISA 'deeply concerned' over banks' MySuper campaign

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
Industry Super Australia (ISA) has upped its campaign to keep superannuation in awards, saying it is "deeply concerned" by the big bank-led push to take the Fair Work Commission out of the default super selection process. ISA chief executive David Whiteley ...

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE  |  MONDAY, 24 MAR 2014
Finance Minister Mathias Cormann will temporarily pause its plans to push the Future of Financial Advice (FoFA) reforms through parliament. Cormann spoke to a number of media outlets and said that he wanted to consult key stakeholders including the ...

Industry receives FoFA bill with mixed feelings

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
The financial services industry and the advice community have has mixed reaction to the bill introducing changes to the Future of Financial Advice (FoFA) with mixed reactions. "The Financial Planning Association is supportive of the amendments, other ...

Cormann to take over Sinodinos' duties

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
Former Assistant Treasurer Arthur Sinodinos' portfolio will now fall under the Ministry of Finance, headed by Mathias Cormann. Prime Minister Tony Abbott confirmed yesterday during a parliamentary session that the financial services industry will be ...

Labor hopes to disallow FoFA amendments

JAMES FERNYHOUGH  |  THURSDAY, 20 MAR 2014
The amendments to the Future of Financial Advice (FoFA) reforms may yet be blocked by the Senate, even though they will initially be pushed through as regulations rather than legislation, according to opposition spokesperson for superannuation and financial ...

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
As expected the bill to amend the Future of Financial Advice (FoFA) reforms was introduced to parliament today. The Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 saw an 11th hour amendment to the general advice component ...

Super is now an economic driver

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
Industry Super Australia (ISA) will argue to the Financial System Inquiry (FSI) that superannuation is now a mature contributor to the Australian economy and should be integrated into the nation's economy's macro management infrastructure. The ISA claim ...