Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 137 results for "Consumer Protections"

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... over five million members, trusts that the Australian Senate will disallow the regulations that will reduce consumer protections in financial advice." "These changes were lobbied for by the banks and financial planners, including the Commonwealth Bank," ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... unnecessary and costly red tape, which is pushing up the cost of advice without proportionate improvements in consumer protections and deal with some of the unintended consequences of Labor's changes where that is necessary to maintain competition in ...

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... the inquiry into the financial advice law that later resulted into FoFA, criticised the alleged removal of consumer protections and of the opt-in arrangement. "The Liberals are removing consumer protections in financial advice No opt-in means people ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... and industry super funds" and noted that "the majority report of the committee has endorsed removing key consumer protections." The organisation representing some industry super funds said that the best interest duty has been diluted "by introducing ...

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... changes to FoFA, which were made public in January 2014, raised concerns that the amended law would lower consumer protections and would bring back commissions in financial advice. All financial planning groups are asking for the legislation to specifically ...

FoFA changes to cost consumers millions

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
... executive David Whiteley said: "The report debunks any claims by the banks and financial planners that cutting consumer protections will reduce the cost of advice. The reality is that cutting consumer protections just increases commissions and fees paid ...

National Seniors asks Inquiry to deliver "top quality" advice

MARK SMITH  |  TUESDAY, 8 APR 2014
... submission comes "barely two weeks after acting Assistant Treasurer Mathias Cormann delayed the dilution of consumer protections introduced by the former Labor government in response to recent corporate failures such as Storm Financial (2009), Trio (2009) ...

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
... together key stakeholders to find a sustainable outcome that reduces compliance costs without compromising key consumer protections. Such an outcome is achievable if common sense prevails," he said. "In particular we continue to hold significant concerns ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... financial advisers support what we're doing, we've had others say 'we're worried that maybe you're watering down consumer protections too much,'" he said. "I don't believe we are. In doing what we were doing we're seeking to strike a balance, to retain ...

Wealthy clients need consumer protections too: FPSB

ALEX DUNNIN  |  WEDNESDAY, 6 JUN 2012
... lines in the sand that assume once clients pass through some pre-defined wealth threshold they no longer need consumer protections, the FPSB suggested retail clients deserve the same highest level of protections as everybody else. These should include ...