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Showing 281 - 290 of 703 results for "Senator"

More calls for Royal Commission

DARREN SNYDER  |  MONDAY, 13 JUL 2015
Australian Senator John Williams has reiterated calls for a Royal Commission in to the financial planning industry. Williams told ABC he was not satisfied by IOOF's response last week when the company's managing director Christopher Kelaher was asked ...

Glass-Steagall Act reintroduced to US Senate

ALEX DUNNIN  |  THURSDAY, 9 JUL 2015
... John McCain, Maria Cantwell and Angus King. A statement issued by the fiercely pro-consumer and Wall Street protagonist Senator Warren, said: [the legislation] "Would separate traditional banks that have savings and checking accounts and are insured ...

Claims of wrongdoing have no basis: IOOF

DARREN SNYDER  |  TUESDAY, 7 JUL 2015
... culture and claims of widespread wrongdoing have no basis of fact," Kelaher said. For the most part of the morning, Labor Senator Sam Dastyari quizzed Kelaher about when he knew of front-running, absence of an asset register and plagiarism allegations ...

IOOF execs asked to face Senate

LAURA MILLAN  |  FRIDAY, 26 JUN 2015
... to IOOF chief executive Chris Kelaher and to the business' head of research Peter Hilton, a spokesperson for Nationals' Senator John Williams told Financial Standard. The hearing would fall under the Economics Committee Scrutiny of Financial Advice inquiry ...

Labor now opposes advice Royal Commission

LAURA MILLAN  |  WEDNESDAY, 24 JUN 2015
... opposing renewed calls from Greens senators for a Royal Commission into financial advice and financial institutions. Greens Senator Peter Whish-Wilson filed a notice of motion on Tuesday calling on the government "to establish a Royal Commission into ...

Widen access to PLS, say cross-bench senators

ALEX DUNNIN  |  WEDNESDAY, 27 MAY 2015
Senators Jacqui Lambie, Glenn Lazarus, Ricky Muir and Nick Xenophon have called on the government and opposition to back legislation to broaden access to the Pension Loan Scheme (PLS). The PLS, established by the Hawke government in 1983, is a reverse ...

Super rules for women still unclear

DARREN SNYDER  |  MONDAY, 25 MAY 2015
... had to apply for a specific exemption from the Sex Discrimination Act. His bill "would remove that requirement." Federal Senator and Attorney-General, George Brandis, allegedly wrote to Bandt explaining the government would not support the bill. The ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
... Scrutiny of Financial Advice inquiry. However, following the bank's appointment of Kingsford Smith, Committee chair and Labor Senator Sam Dastyari told Financial Standard : "I am pleased to hear that NAB has taken this step after the repeated urgings ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
... Committee during a public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. Committee chair and Labor Senator Sam Dastyari told NAB chief executive: "Mr Thorburn, you throw around the word 'independent'. There is nothing independent ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
The advice industry is divided over how to fund an insurance scheme to compensate clients who receive bad advice. A rise in professional indemnity premiums is only compounding the problem. Senators Nick Xenophon and Sam Dastyari proposed a statutory ...