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Showing 3211 - 3220 of 4389 results for "financial Advice"

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... United Party (PUP) and Motor Enthusiasts Senator Ricky Muir made a last-minute move to support the Future of Financial Advice (FoFA) amendments in the Senate last night "We are still in discussions to see what happens next," Labor Member of Parliament ...

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
The Coalition's deal with the Palmer United Party (PUP) to retain the amendments to the Future of Financial Advice (FoFA) legislation will provide a guarantee of consumer protection, MP Clive Palmer has said. Speaking to journalists in Canberra, Palmer ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
The government's deal with the Palmer United Party (PUP) to retain the Future of Financial Advice (FoFA) legislation will save the financial services industry millions of dollars according the Financial Planning Association (FPA). Commenting on the ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
The Labor and Greens attempt to disallow government changes to the Future of Financial Advice (FoFA) legislation failed after the Coalition was able to secure last-minute support from the Palmer United Party (PUP). The motion to disallow the government's ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... Financial System Inquiry (FSI) has suggested that the vertically integrated structures may be reducing the quality of financial advice that consumers receive. The FSI has asked stakeholders to consider different policy options, including raising the ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... the fairness of some non-monetary covenants in SME loan contracts. It also raises concerns with the quality of financial advice. Our report was finalised before the Senate Economics Committee released its report on the performance of ASIC. However, we ...

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
Mandatory financial advice for the sale of complex products is among the measures the Australian Securities and Investments Commission (ASIC) is considering to protect consumers from the risks posed by these investment vehicles. In a newly published ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
... Financial Planning (CFPL) and Financial Wisdom were accused of not being transparent enough in the way they gave financial advice to their customers and in how they dealt with the subsequent investigations. After years of an "attitude of increasing defensiveness," ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
... Commonwealth Bank's (CBA) independent review panel for the Open Advice Review program that will assist victims of bad financial advice between 2003 and 2012. Callinan will advise CBA chief executive Ian Narev and will have an input on the appointment ...