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Showing 311 - 320 of 842 results for "Senate"

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... regardless of what Parliament ultimately looks like after a hotly-contested election, he will prioritise continuing the Senate Economics References Committee's life insurance industry investigation. Speaking to Financial Standard, Williams said: "I'm ...

Australian elections just gave uncertainty a top up

BENJAMIN ONG  |  MONDAY, 4 JUL 2016
... parties and systems. This is highlighted by wins by independent Nick Xenophon's Team (expected to gain three seats in the Senate and two in the Lower House) and the return of xenophobic Pauline Hanson to the senate. In his victory speech, Nick declared ...

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 ...

Public sector retirees still seek answers

DARREN SNYDER  |  TUESDAY, 17 MAY 2016
... expected to generate more than $465 million in budget savings over forward estimates. Before the new cap was passed in the Senate, Queensland Senator Claire Moore said about 46,000 pensioners will see their allowance reduced by an average of $2,150 a ...

Retired mothers need financial help

DARREN SNYDER  |  TUESDAY, 10 MAY 2016
... Mary Atley, said the $38 billion fund is calling for the federal government to adopt all recommendations from the recent Senate inquiry into the Economic Security of Women in Retirement. "There's no easy fix for this problem, but adopting the recommendations ...

Potential budget super alterations welcome

DARREN SNYDER  |  MONDAY, 2 MAY 2016
... hikes of up to $500 a year on their super contributions from July next year with the abolition of the LISC. On Friday a Senate report looking into economic security for women in retirement recommended the federal government retain the LISC beyond 2017 ...

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
... 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 of Financial Advice inquiry, Narev said in the letter that "some of the criticism ...

Police super a budget beneficiary

DARREN SNYDER  |  THURSDAY, 28 APR 2016
... negotiations on a permanent solution to the issue. The long-standing issue faced by NSW Police was most recently flagged in the Senate's inquiry in to economic security for women in retirement. The Police Association of New South Wales' submission said ...

Commissions survive as life remuneration bill flatlines

ALEX BURKE  |  TUESDAY, 19 APR 2016
... payments, capping commissions and implementing clawback arrangements were due for implementation on July 1, but given that the Senate is currently deadlocked over a double dissolution trigger for a prospective July 2 election, it's unlikely this will ...