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Showing 161 - 170 of 1204 results for "Parliament"

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... conversations were: real estate agents advising clients to withdraw superannuation to pay rent, and Liberal member of parliament Tim Wilson's social media posts encouraging people to use superannuation to buy property, according to Allan Gray's commissioned ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... non-concessional contribution to super. While this was slated to take effect on 1 July 2020, the legislation has yet to pass in parliament. Howard said the volume of adviser queries on this subject remains high, as advisers question whether the start ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
A wrongful dismissal case brought by a former IOOF employee detailing sexual harassment and gender discrimination among colleagues has once again shone an unwanted spotlight on the financial services industry, calling into question the sector's ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... the need to establish a new body to perform this role. Legislation implementing these reforms will be introduced into Parliament by June 2021. Further, the much-anticipated advice disciplinary body has effectively been scrapped, with Hume flagging its ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in. Lowe explained that while the ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... builds on the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020. The new law, which was introduced in parliament on November 12, will force those providing claims handling and settling services to be covered by an AFSL. It also means ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... executive for Australia and Pacific zone leader David Bryant that too many underperforming super funds appeared before parliament saying that it is "way too complicated" to be judged using a specific benchmark and period of time in the market. Referencing ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... they were employing. The Financial Sector Reform (Hayne Royal Commission Response) Bill which has been introduced to parliament includes obligations for AFSLs to comply with an ASIC reference checking and information sharing protocol. Now, ASIC has developed ...