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

Search Results

Showing 121 - 130 of 170 results for "Economics Committee"

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
... (FPA) and the Association of Financial Advisers (AFA) have begun to lobby the senators, ahead of the Senate Economics Committee presentation of the report on the FoFA inquiry, on June 16. With 33 representatives in the new Senate, the Coalition will ...

Budget cuts force ASIC to axe surveillance

LAURA MILLAN  |  WEDNESDAY, 4 JUN 2014
... regulator to axe proactive surveillance in a number of areas. ASIC chairman Greg Medcraft told the Senate Economics Committee during a budget estimates hearing that changes to the regulator's activity were "inevitable." Medcraft said that "with reduced ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
Commonwealth Bank (CBA) has failed to address allegations by the Senate Economics Committee that it provided "sketchy" and insufficient information to the inquiry into the Australian Securities and Investments Commission (ASIC) in statement released ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
Last minute developments have forced the Senate Economics Committee to delay the tabling of its final report in the inquiry into the Australian Securities and Investments Commission (ASIC). The committee has issued an interim report signed by its chair ...

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
A significant late communication from Commonwealth Bank has forced the Senate Economics Committee to delay the tabling of the report into the Australian Securities and Investments Commission (ASIC). The committee's chair Mark Bishop said on Twitter ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
... Australia (ISA) and all organisations representing consumers have spoken against the exemption. The Senate Economics Committee is currently looking at the FoFA amendments and will be reporting its conclusions to the Parliament during the next sitting ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
... acknowledge the statement was inaccurate. It's withdrawn." The incorrect $19 million figure came from the Senate Economics Committee hearing on the Future of Financial Advice (FoFA), at which the FSC was present. Questioning representatives from Industry ...

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 ...