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Showing 11 - 20 of 25 results for "Economics Committee report"

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... regulator's "venality", "incompetence", "laziness" and "lack of intellectual rigour." Read the full Senate Economics Committee report into ASIC here. Read all Financial Standard coverage of the ASIC inquiry here.

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... and processes for the supervision and monitoring of advisers," the bank argued. Read the full Senate Economics Committee report into ASIC here Read all Financial Standard coverage of the ASIC inquiry here

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... granted regulatory relief for generic online superannuation calculators in 2005. Read the full Senate Economics Committee report into ASIC here Read all Financial Standard coverage of the ASIC inquiry here

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Commissions have already been banned," Ripoll tweeted shortly after Cormann released a response to the Senate Economics Committee report on the government's proposed changes to the Future of Financial Advice (FoFA) law. Ripoll, who conducted the inquiry ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... spoke shortly after Minister for Finance Mathias Cormann issued a response statement to the Senate Economics Committee report on the government's proposed changes to FoFA. "It is a historic day: commissions have been banned in Australia and we can be ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the Senate Economics Committee report about the government's proposed amendments to FoFA. "The government's changes to FoFA will be implemented through regulations ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Minister of Finance Mathias Cormann is ready to issue a response to the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. A spokesperson for the Minister confirmed to Financial Standard that "the government will announce ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
Commonwealth Bank-owned Financial Wisdom will face a class action started by Shine Lawyers for inappropriate investment advice to more than 3,000 clients. Shine Lawyers confirmed to Financial Standard that the law firm is now collecting evidence to ...