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FoFA regulations paused, but legislation will go ahead

JAMES FERNYHOUGH | TUESDAY, 25 MAR 2014

The plan to freeze the Future of Financial Advice (FoFA) amendments applies only to the regulatory changes, Senator Cormann's office has confirmed. The government has already introduced the amendments as legislation, and the process is underway. However ...

FoFA freeze a consequence of pro-consumer campaign: Silk

LAURA MILLAN | MONDAY, 24 MAR 2014

AustralianSuper chief executive Ian Silk said that Senator Mathias Cormann's decision to freeze the Future of Financial Advice (FoFA) regulation is a consequence of "a surprisingly strong campaign" against "elements" that were pushing the legislation ...

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE | MONDAY, 24 MAR 2014

Finance Minister Mathias Cormann will temporarily pause its plans to push the Future of Financial Advice (FoFA) reforms through parliament. Cormann spoke to a number of media outlets and said that he wanted to consult key stakeholders including the ...

Latest Financial Standard issue available on the iPad app

STAFF WRITER | MONDAY, 24 MAR 2014

In the latest edition of Financial Standard, we look at how much industry funds spend on advertising and investigate the insurance industry's "perfect storm.A We also speak to Westpac's general manager of bank financial planning Mike Chesworth for our ...

Michael Hintze to join Financial Systems Inquiry

ALICE URIBE | MONDAY, 24 MAR 2014

The founder and chief executive of global fund manager CQS Sir Michael Hintze is one of four appointments that have been made to an advisory panel to support the Financial Systems Inquiry (FSI). The International Advisory Panel will provide an expert ...

Smaller funds don't need to merge: legalsuper CEO

JAMES FERNYHOUGH | FRIDAY, 21 MAR 2014

Legalsuper chief executive Andrew Proebstl has vigorously countered claims that small to medium-sized super funds of less than $5 billion of funds under management will be forced to merge. His comments came in response to an article published in the ...

FICAP RockStar of the year crowned

JAMES FERNYHOUGH | FRIDAY, 21 MAR 2014

Count's Chris Mekhail was crowned 2014 Rockstar last night for his soaring rendition of Swedish House Mafia hit 'Don't You Worry Child' at the annual Who wants to be a RockStar event organised by the Finance Industry Community Aid Program (FICAP). The ...

Get set for FICAP's 'Who wants to be a RockStar' tonight

STAFF WRITER | THURSDAY, 20 MAR 2014

In a few short hours the wait will be over as the financial services industry rocks out in the name of charity at the Financial Industry Community Aid Program's (FICAP) annual 'Who wants to be a RockStar event'. Tonight's event will see 10 budding RockStars ...

Cormann to take over Sinodinos' duties

LAURA MILLAN | THURSDAY, 20 MAR 2014

Former Assistant Treasurer Arthur Sinodinos' portfolio will now fall under the Ministry of Finance, headed by Mathias Cormann. Prime Minister Tony Abbott confirmed yesterday during a parliamentary session that the financial services industry will be ...

Assistant Treasurer Sinodinos to stand aside amid ICAC inquiry

ALICE URIBE | WEDNESDAY, 19 MAR 2014

Assistant Treasurer Arthur Sinodinos has announced that he will stand down from the front bench during theA hearingsA of Independent Commission Against Corruption (ICAC) inquiry into Australia Water Holdings (AWH). Sinodinos is due to be witness at ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI

Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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