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

Search Results

Showing 1471 - 1480 of 2025 results for "Legislation"

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... has said time pressures prevented an adequate regulatory impact statement being prepared on six elements of the FOFA legislation. Speaking before a Senate Estimates committee, Jason McNamara, executive director of the OBPR said for some elements of the ...

SuperStream exposure draft a positive step

ELISE BURGESS  |  MONDAY, 13 FEB 2012
The industry has welcomed the Government's exposure draft legislation and a draft explanatory memorandum, detailing new proposed legislation to improve the administration and management of super accounts through the SuperStream reforms. The draft is ...

Latest Financial Standard iPad edition available today

RACHEL DAVIS  |  MONDAY, 13 FEB 2012
... Financial Standard we feature an exclusive first look at new industry research and the latest on FOFA and MySuper legislation. For all the latest industry news, views and regular features download the app today. Financial Standard's latest edition of ...

Best interest to put focus on risk: Instreet

CLAIRE MCGREAL  |  FRIDAY, 10 FEB 2012
The contentious best interest clause in the FOFA legislation will place more of an onus on advisers to prove they are experts on the products they recommend to clients. That's according to asset management firm Instreet Investment, which has developed ...

Volatility is MIA

BENJAMIN ONG  |  FRIDAY, 10 FEB 2012
... affairs commissioner Olli Rehn did not mince his words, "It's up to the Greek government by concrete actions -- through legislation, other actions -- to convince its European partners that the second program can be made to work." Contagion! Contagion! ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
Additional requirements placed on super fund trustees in the proposed Stronger Super legislation will make the role less appealing and raise costs, according to Mercer's submission to the Federal Treasury. In responding to the Exposure Draft: Superannuation ...

Fears Volcker Rule will hit sovereign bond trading

ALEX DUNNIN  |  THURSDAY, 9 FEB 2012
... Office of the Comptroller of the Currency, the Federal Reserve Board and the Securities and Exchange Commission. The legislation is now up for public consultation with the consultation window being extended until next week. Contributing to the extension ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... will reduce competitive pressure within the superannuation industry," the submission held. The 180-day period the legislation allows APRA to approve an offering is a further cause for concern by BTFG. The group argues members will suffer from the delay ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

Call for new generation annuities

ELISE BURGESS  |  FRIDAY, 3 FEB 2012
... guaranteed product said Howe. "These are big in the US and while some have been launched here, due to the restrictions in legislation they have not taken off as they should. "But new generation annuities can address key needs in retirement, enabling ...