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Showing 1441 - 1450 of 2812 results for "Regulation"

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
The government will continue with its quest to push through amendments to the Future of Financial Advice (FoFA) reforms despite last night's crushing defeat in the Senate. Finance Minister Mathias Cormann told ABC Radio this morning that the government ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
The financial services industry responded with ire after the Future of Financial Advice (FoFA) laws were demolished in the Senate overnight. Labor, the Greens and four crossbenchers, including Palmer United Party's Jacqui Lambie, argued the Coalition's ...

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
... important, but we want to make sure it's going to be offered properly." Kell shared the stage with Australian Prudential Regulation Authority (APRA) member Helen Rowell. Rowell was asked to comment on APRA's interest in intra-fund advice. "It's something ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
A Senate alliance between Labor, the Greens and three crossbench Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into ...

Super funds must justify not merging: APRA

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
Superannuation funds that decide not to consolidate must justify their decision to the Australian Prudential Regulation Authority (APRA) over the next year, according to APRA member Helen Rowell. Rowell said super funds need to question their own viability ...

Sally Loane new CEO of the Financial Services Council

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... Her skills and experience will be critical as financial services moves from an era of the most significant changes in regulation and legislation in its history to its next phase of being an export and growth industry for Australia." Loane said, "Financial ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... regulatory changes to income stream products in a detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper. TAL said that regulation "should be broadened to enable a wider range of income-stream products to ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... fees. Rainmaker analysis of the MySuper statistics released last month by the regulator, the Australian Prudential Regulation Authority (APRA), commissioned by Industry Super Australia (ISA), found that MySuper account balances represent only 44% of ...

Market wrap

AAP  |  THURSDAY, 6 NOV 2014
The Australian share market has opened higher after US markets hit new highs. The Dow and S&P 500 closed at fresh records overnight after the Republicans took power in both US houses of Congress and lifted hopes for pro-business policies. The strong ...

IOSCO updates FinLit framework

ALEX DUNNIN  |  WEDNESDAY, 5 NOV 2014
The International Organisation of Securities Commissions (IOSCO) has released its final report outlining its global framework for investor education and financial literacy. In their Strategic Framework for Investor Education and Financial Literacy report ...