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Showing 121 - 130 of 296 results for "House of Representative"

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
Macquarie will axe the payment of grandfathered commissions to financial advisers working within its wealth management division. Following BT Financial Group's lead, Macquarie has said it will discontinue the practice of advisers within its private ...

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
ASIC chair James Shipton rejects suggestions that historic inaction by the regulator contributed to the significant trust deficit present in Australia's financial services industry. Appearing before the House of Representatives Standing Committee on ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
ASIC has acknowledged it was aware prior to the Royal Commission that AMP was allegedly attempting to mislead the regulator. Appearing before the House of Representatives Standing Committee on Economics in Canberra today, senior leaders at ASIC admitted ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
There is division over whether or not private life insurers should be able to fund medical treatments for rehabilitating customers - the subject of a current Parliamentary Joint Committee - with giants like MLC Insurance and AustralianSuper batting ...

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
"Stocks, Treasuries Sink on Hawkish Powell Remarks: Markets Wrap" Bloomberg's headline just about sums up last night's activity on Wall Street that saw the S&P 500 index drop by 1.3%; the yield on 10-year Treasuries climb by three basis points to 2.89% ...

Salt reveals retirement hotspots

EMMA RAPAPORT  |  WEDNESDAY, 6 DEC 2017
New analysis from Demographics Group managing director Bernard Salt has revealed the lifestyle hotspots for Australian retirees in 2017. Commissioned by the Association of Superannuation Funds of Australia (ASFA) and presented at its recent conference ...

Capex brings cheer

BENJAMIN ONG  |  FRIDAY, 1 DEC 2017
"You can't make people be confident, I certainly can't. I've allowed the horse to come to the water with cheap funding. I can't make it drink." This was then RBA governor Glenn Stevens' statement to the House of Representatives Standing Committee on ...

YBR founder to lead government taskforce

ALEX BURKE  |  TUESDAY, 21 NOV 2017
The founder and chair of Yellow Brick Road will lead a Federal Government small business taskforce with appointees from Suncorp, Australian Unity and NAB. Mark Bouris will chair the Small Business Taskforce, which the Department of Industry, Innovation ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
The Banking and Executive Accountability Regime (BEAR) should be widened to executives of life insurance companies, the latest spot poll results shows. All of the respondents gave a resounding 'yes', with 67% strongly agreeing and 33% agreeing that ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
The Banking Executive Accountability Regime (BEAR) is one step closer to being legislated with the Turnbull Government yesterday referring its Bill to the House of Representatives. Incorporating the Treasury Laws Amendment (Banking Executive Accountability ...