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Showing 1151 - 1160 of 2024 results for "Legislation"

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... debate. Read industry reactions to the latest FoFA developments here Read all Financial Standard coverage of the FoFA legislation here

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... Coalition's deal with the Palmer United Party (PUP) to retain the amendments to the Future of Financial Advice (FoFA) legislation will provide a guarantee of consumer protection, MP Clive Palmer has said. Speaking to journalists in Canberra, Palmer said ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
The government's deal with the Palmer United Party (PUP) to retain the Future of Financial Advice (FoFA) legislation will save the financial services industry millions of dollars according the Financial Planning Association (FPA). Commenting on the ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
The Labor and Greens attempt to disallow government changes to the Future of Financial Advice (FoFA) legislation failed after the Coalition was able to secure last-minute support from the Palmer United Party (PUP). The motion to disallow the government's ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... interim report also floated the possibility of maintaining the relatively unregulated status quo, but introducing legislation to allow for more retirement product innovation. It considered the benefits of deferred lifetime annuities, group self-annuitisation ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC). Addressing the National Press Club today, Palmer said: "Palmer United supports the abolition of the mining tax, but cannot support ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
Industry Super Australia (ISA) report 'Commissions by Another Name' has sparked outrage among some industry stakeholders, which have labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial ...

TWU defends mandatory TWU Super contributions

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
... Caine rejected the notion that mandating employer contributions to TWU Super was a violation of the choice of funds legislation. "We very much believe that is an appropriate exercising of choice," he said. "We believe they have the right to choose against ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... valid from July 1, 2014, until December 31, 2015, which means that the government needs to pass all the changes by legislation, except for clarification on the grandfathering provision. With 33 representatives in the new Senate, the Coalition needs six ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... operates. The Financial Planning Association (FPA) said that "Australia's complex financial system demands robust legislation, a strong and effective regulator and personal financial advice outcomes that benefit, and are trusted by, all consumers." The ...