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Showing 281 - 290 of 750 results for "Senate 67"

Australian elections just gave uncertainty a top up

BENJAMIN ONG  |  MONDAY, 4 JUL 2016
"As a historian, I fear that Brexit could be the beginning of the destruction of not only the EU but also of western political civilization in its entirety." -Donald Tusk, President of the European Council I thought he went over the top and got carried ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...

Retired mothers need financial help

DARREN SNYDER  |  TUESDAY, 10 MAY 2016
The lengths Australians go to in order to financially support their parents in retirement has been detailed by an industry superannuation fund survey. Last month REST Industry Super spoke to 1052 Australians who were over 18 and providing financial ...

Potential budget super alterations welcome

DARREN SNYDER  |  MONDAY, 2 MAY 2016
On the eve of Treasurer Scott Morrison's first budget there is further support to rein in superannuation tax concessions for the wealthy, provided that proceeds fund better retirements for women and lower income earners. Industry Super Australia is ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
APRA has released its submission to the Senate Economics Committee on the inquiry into the scrutiny of financial advice - life insurance, claiming that the profitability of the sector is under strain. The submission argued that weak profitability has ...

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
CBA chief executive Ian Narev has defended his company's life insurance arm in a letter to Senator Chris Ketter, noting he wrote to five affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny ...

Commissions survive as life remuneration bill flatlines

ALEX BURKE  |  TUESDAY, 19 APR 2016
The Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 has lapsed due to prorogation, leaving the future of risk adviser remuneration unclear. The reforms in the bill banning volume-based payments, capping commissions and implementing ...

Labor will announce retirement income priorities

DARREN SNYDER  |  MONDAY, 21 MAR 2016
Federal Shadow Minister for Financial Services and Superannuation, Jim Chalmers, said Labor will soon announce its priorities for retirement incomes so voters know where they stand heading in to this year's election. The announcement will come on top ...

We can do better for women in retirement: Senator

DARREN SNYDER  |  FRIDAY, 18 MAR 2016
Senator Jenny McAllister has renewed calls for federal parliament to include gender analyses every time a policy is put before the country's key decision makers. Delivering the inaugural Mavis Robertson address at the Conference of Major Superannuation ...

FPA supports "bitter harvest" recommendations

ALEX BURKE  |  FRIDAY, 18 MAR 2016
The Financial Planning Association has come out in support of the Senate Economics References Committee's recommendations for stronger ASIC penalties and redefining the term "general advice". FPA chief executive Dante De Gori said that the FPA "recognises ...