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Showing 101 - 110 of 124 results for "Senate Economics Committee"

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. The plan outlines the FPA's position in several ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... markets director Andrew Bragg and senior policy manager Cecilia Storniolo appeared yesterday at the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. "It is hypocritical to suggest that commissions ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... Association of Financial Advisers (AFA) and the Financial Planning Association (FPA) have told the Senate Economics Committee that they do not want to see employees receiving commission for providing general advice or single-product advice. "We don't ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... Financial Advice (FoFA) to find a way to solve the issue. The bank made this request in a submission to the Senate Economics Committee inquiry into FoFA. The document, which was made public recently, said that corporate super advisers assist employers ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... first of the Big Four to have its say on the FoFA changes, which are A currently being examined by the Senate Economics Committee. "The proposed amendments achieve an appropriate rebalancing of the original reforms by ensuring that financial advice remains ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... statements and the separation of general and personal advice. The Financial Services Council (FSC) asked the Senate Economics Committee to repeal the opt-in requirements, as well as the s961(B)(2)(g), which is the best interest duty 'catch-all' phrase. ...

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
... should have been more transparent and should have better communicated with the whistleblowers. The Senate Economics Committee will report the conclusions of the inquiry to ASIC by the end of May. The inquiry looked into ASIC's performance when dealing ...

Government will go ahead with FoFA changes: Ciobo

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
... requirement, and the sanctioning of commissions for general advice. The bill has been referred to the Senate Economics Committee, which is due to report in mid-June. "In the meantime, the acting assistant treasurer Senator Mathias Cormann is engaging ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
... from whistleblowers within the company. While the inquiry was triggered by this particular fact, the Senate Economics Committee is looking into ASIC's complaint management policies and practices, whistleblower protection and the accountability framework ...

Senate Economics Committee to hold inquiry on FoFA bill

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
The bill amending the Future of Financial Advice (FoFA) legislation will need to go through a Senate Economics Committee inquiry before it is tabled in the Senate. The Senate Standing Committee for Selection of Bills decided to refer the Corporations ...