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Showing 321 - 330 of 748 results for "Senate 67"

IOOF merges two licences

ALEX BURKE  |  FRIDAY, 24 JUL 2015
IOOF has merged licences My Adviser and Plan B into Consultum and Shadforth. An IOOF spokesperson said, "The reasoning behind the transition of the advisers in both cases is that it makes sense to consolidate smaller licences, such as MyAdviser and ...

Fed lady sings (the same old song)

BENJAMIN ONG  |  FRIDAY, 17 JUL 2015
The Fed lady sang for two consecutive days but "not a creature was stirring, not even a mouse". The S&P 500 index fell all of 0.07% when Janet testified before the House Financial Services Committee on the 15th, but more likely than not this was due ...

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 ...

Claims of wrongdoing have no basis: IOOF

DARREN SNYDER  |  TUESDAY, 7 JUL 2015
IOOF managing director Christopher Kelaher has told a Senate committee today that claims of widespread wrongdoing at the company have no basis of fact. "I'm confident that I can confirm to you and the broader community that the company has an extremely ...

IOOF execs asked to face Senate

LAURA MILLAN  |  FRIDAY, 26 JUN 2015
The Senate Economics Committee has invited IOOF executives to appear in a hearing set to be held in Sydney on July 7. The invite has been sent today to IOOF chief executive Chris Kelaher and to the business' head of research Peter Hilton, a spokesperson ...

Labor now opposes advice Royal Commission

LAURA MILLAN  |  WEDNESDAY, 24 JUN 2015
Labor and the Coalition are 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 ...

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture. During today's hearing Medcraft said ASIC ...

Property bubble debate heats up

LAURA MILLAN  |  TUESDAY, 2 JUN 2015
Public officials' concerns of a property bubble in Sydney and Melbourne are spreading uncertainty amongst those thinking about increasing their exposure, but are not dissuading Chinese investors. Treasury secretary John Fraser was the last public official ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
National Australia Bank (NAB)'s program to compensate victims of bad financial advice lacks independence and does not go far enough, a lawyer representing some of the victims said. Shine Lawyers financial negligence solicitor Sasha Ivantsoff spoke to ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
National Australia Bank (NAB) has upgraded the compensation program for victims of bad advice with the appointment of a consumer advocate. University of NSW professor of Law Dimity Kingsford Smith will act as a consumer advocate within NAB Wealth's ...