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|... that Independents would be key in efforts to amend the legislation as its stands. It followed the Parliamentary Joint Committee's (PJC) 220 page report on FOFA, which recommended the legislation come into effect on July 1 as planned. "It was disappointing ...|
|The date is set for FOFA to start on July 1 this year with the Parliamentary Joint Committee releasing its report, complete with 15 new recommendations. In its 220-page report, the Parliamentary Joint Committee (PJC) noted that despite industry calls ...|
|... best interest remain the sticking points for industry bodies following yesterday's release of the Parliamentary Joint Committee report on FOFA. The 220 page report, which took into account over 70 submissions from concerned groups, contained 15 recommendations ...|
|... of how it might be applied". Sanders also maintained the number of submissions received by the Parliamentary Joint Committee (PJC) reflected the ambiguity surrounding the legislation. "I think the general noise...in relation to the 73 submissions to ...|
|... existed but timing was a factor in getting the statements to a suitable standard. In evidence to the Parliamentary Joint Committee inquiry into the FOFA reforms held last month Jim Murphy, market group executive director for Treasury said, "the fact ...|
|... Government said it is continuing to review future compensation arrangements. Meanwhile separate ASIC and Parliamentary Joint Committee investigations into the Trio collapse are ongoing.|
|... draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions to the Parliamentary Joint Committee on Corporations and Financial Services call into question the new authorisation requirements for tailored products, saying ...|
|... Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...|
|... faced questions over the potential risks in its proposed increase in powers under FOFA during the Parliamentary Joint Committee yesterday in a session where the regulator gave preliminary results to its planning shadow shop survey with "woeful" results ...|
|... Bill as it stands had "so many problems" a "rigorous stocktake" was needed. Appearing before the Parliamentary Joint Committee yesterday, managing director AMP Financial Services, Craig Meller, expressed a number of underlying concerns, including the ...|
BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic.
Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses.
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism.
Hamish Douglass' Magellan Financial Group has launched a listed active ETF fund in partnership with Airlie Funds Management, with promises of reducing friction and costs for investors.
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