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Showing 1461 - 1470 of 2025 results for "Legislation"

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... year. The Financial Services Council (FSC) slammed the Parliamentary Joint Committee (PJC) findings, maintaining the legislation would make financial advice costly, while "not allowing for an effective scaleable advice framework". "We want higher standards ...

Super contributions break through $1 trillion

ALEX DUNNIN  |  THURSDAY, 1 MAR 2012
... segment footprint compared to a paltry 7% for industry funds. Regardless the specifics of the upcoming MySuper and FOFA legislation and Productivity Commission reviews into employer default funds, the real battle lines will consequently be over how effective ...

Platforms hoard cash amid FOFA uncertainty

MELANIE TIMBRELL  |  THURSDAY, 23 FEB 2012
... catalyst for new developments, with many platforms rushing to be compliant in time for the eventual roll-out of the new legislation," said Recep Peker, Investment Trends senior analyst. "However, they are also a hindrance to new developments in some ...

Beware the traps in aged care advice

ELISE BURGESS  |  WEDNESDAY, 22 FEB 2012
... adviser market. "Aged care is a commercial arrangement, event though the government does give subsidies and provide legislation, you are still negotiating with a private entity...and advisers need to help their clients through this process." DeManuele ...

ALP leadership issues will delay FOFA: Chikarovski

MELANIE TIMBRELL  |  WEDNESDAY, 22 FEB 2012
... strategist for the Association of Financial Advisers gave an update on the timing of the enquiries into the draft legislation, saying the implementation date would likely be extended from its original target of July 1 this year, before turning to reports ...

Conflict of interest still key issue: ASIC shadow shop

CLAIRE MCGREAL  |  TUESDAY, 21 FEB 2012
... According to Deen Sanders, chief professional officer, Financial Planning Association of Australia (FPA), the FOFA legislation as it stands represents a missed opportunity, and that while the FPA shared ASIC's goals to reform the industry, the association ...

Australia doesn't need a SWF

ALEX DUNNIN  |  TUESDAY, 21 FEB 2012
... political risk as there is no way of guaranteeing that their assets will be put to the uses outlined in any initial legislation. Perversely, the existence of a SWF may actually disincentivise governments from fiscal responsibility. "A sovereign wealth ...

Shorten locks down accountant timeline

ELISE BURGESS  |  MONDAY, 20 FEB 2012
Financial Services Minister Bill Shorten has committed to a two week deadline for legislation surrounding the role of accountants in the advice industry, in addition to reaffirming his plans to raise contribution caps. Speaking at the Self-Managed Super ...

S&P calls for adviser education on new ETF indices

MELANIE TIMBRELL  |  MONDAY, 20 FEB 2012
... transparency of index methodologies and underlying asset prices," said Richard Murphy, ASX spokesperson. Proposed FOFA legislation and the requisite shift to a fee-for-service model will make ETFs more relevant for advisers, according to Guy Maguire ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...