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Showing 121 - 130 of 365 results for %22Senate Committee%22

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
APRA has released its submission to the Senate Economics Committee on the inquiry into the scrutiny of financial advice - life insurance, claiming that the profitability of the sector is under strain. The submission argued that weak profitability has ...

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
... letter to Senator Chris Ketter, noting he wrote to five affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, Narev said in the letter that "some of the criticism ...

FPA supports "bitter harvest" recommendations

ALEX BURKE  |  FRIDAY, 18 MAR 2016
The Financial Planning Association has come out in support of the Senate Economics References Committee's recommendations for stronger ASIC penalties and redefining the term "general advice". FPA chief executive Dante De Gori said that the FPA "recognises ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
The Senate Economics References Committee has recommended legislative amendments which would allow ASIC to immediately suspend a financial adviser if "egregious misconduct" is suspected. Released today, the committee's report on the agribusiness managed ...

US resistance to DOL fiduciary rule gathers pace

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
... that while the reform is well intentioned it could actually just create excessive compliance burden. The chairman of the Senate Homeland Security and Governmental Affairs Committee, Republican Senator Ron Johnson, has meanwhile criticised the DOL for ...

Those who want a job can get a job

BENJAMIN ONG  |  MONDAY, 8 FEB 2016
... these when no less than Fed Chair Janet Yellen testifies before the House Financial Services Committee (Wednesday) and the Senate Banking Committee (Thursday) this week.

Investor group welcomes carbon disclosure inquiry

MARK SMITH  |  WEDNESDAY, 3 FEB 2016

Super fund governance bill enters final debate

DARREN SNYDER  |  MONDAY, 30 NOV 2015
The Senate is slated to have its final debate on the superannuation trustee governance bill tomorrow, which at a minimum will see one third independent directors on APRA-regulated super fund boards. The bill could see one last amendment from crossbench ...

Labor opposes super trustee governance bill

DARREN SNYDER  |  TUESDAY, 10 NOV 2015
... and Chris Ketter have dissented from a report recommending the bill on superannuation trustee governance be passed in the Senate today. The dissenting senators believe the bill "blindly conflates and confuses trustee governance with shareholder governance" ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
Financial compensation for corporate whistleblowers is back on the agenda after the Senate Economics Committee grilled representatives from the Australian Securities and Investments Commission (ASIC). At the latest Senate Economics Committee hearing ...