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Showing 91 - 100 of 703 results for "Senator"

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
... response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that super funds review their Russian investments. "The Morrison government ...

Advisers call out regulation backflip

KARREN VERGARA  |  FRIDAY, 4 MAR 2022
... principles-based regime. Synchron general manager of compliance Phil Osborne said the proposed framework put forth by Senator Jane Hume "should be considered carefully and not be a knee-jerk reaction for popular support". Hume spoke about changing regulatory ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... financial advice industry ahead of the federal election, ones that will overhaul compliance, costs, and education standards. Senator Jane Hume promoted the idea of deregulating the advice industry and putting in place principles-based measures that can ...

CalPERS, CalSTRS face fossil fuels ban

JAMIE WILLIAMSON  |  MONDAY, 21 FEB 2022
... Fuel Divestment Bill to advance California Climate Goals was introduced into the California state Senate last week by Senator Lena A. Gonzalez. If passed, the legislation will force the California Public Employees' Retirement System and the California ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... December without consultation to stakeholders, including the impacted proxy advisory firms. The vote was moved by Independent Senator Rex Patrick and supported by the crossbench. The changes to regulations via the Treasury Laws Amendment (Greater Transparency ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... cover its rainy day fund and Cbus, Active Super and QSuper have also all received approval to alter their trust deeds. Senator Jane Hume, who is the minister for superannuation, has criticised funds for creating fees to meet the new regulatory requirements ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... maximise income, and offer flexibility to savings. This must be presented in writing and made public from 1 July 2022. Senator Jane Hume said trustees are not required to release all components of their strategy by this date. "Instead, strategies are ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... throw a lifeline to the ones who desperately want to stay by simply providing them specific feedback on their weaknesses? Senator Jane Hume now wants to recognise 10 years' work experience with zero infringements - a relief experienced advisers have ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... The government is refreshing its super co-contribution law for low-income earners as the sunset date is due to kick in. Senator Jane Hume released the draft regulation Superannuation (Government Co-contribution for Low Income Earners) Regulations 2022 ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... information will follow on the eligibility of new financial advisers and foreign existing advisers who want to sit the exam. Senator Jane Hume recently backflipped on the industry's education requirements, announcing that advisers with 10 years of ...