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Search ResultsShowing 21 - 30 of 62 results for "Senate committee"
CBA unveils tougher adviser standards
LAURA MILLAN  |  MONDAY, 14 JUL 2014
... consumer complaints and business that they are writing. "We've done the hard work," Perkovic said. However, the Senate Committee holds a different view on how far CBA has moved on. "If these changes have indeed taken place and produce the intended result ...
Market wrap
AAP  |  FRIDAY, 4 JUL 2014
... 1,100 customers who lost savings as a result of fraudulent and misleading behaviour by financial advisers. A Senate committee last week called for a royal commission into the scandal. Among resources stocks, Rio Tinto gained 32 cents to $62.32, BHP Billiton ...
Government still mulling response on Senate report
LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
... amount of risk. "It's a question of getting the balance right and that is why we are going to carefully study the Senate committee report," the prime minister told reporters in Melbourne. The government has already commissioned a review of the financial ...
Market wrap
AAP  |  THURSDAY, 3 JUL 2014
... 1,100 customers who lost savings as a result of fraudulent and misleading behaviour by financial advisers. A Senate committee last week called for a royal commission into the scandal. Among resources stocks, Rio Tinto gained 32 cents to $62.32, BHP Billiton ...
CBA opens up compensation review to all advice clients
LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... the program that we are announcing today and the approach that we are taking today is the right response to the senate committee inquiry." The Open Advice Review program will re-evaluate the advice given to clients of Commonwealth Financial Planning ...
CBA needs to"lift its game": Treasurer
LAURA MILLAN  |  MONDAY, 30 JUN 2014
... "We expect to provide a detailed response by the end of this week," Narev said in the written statement. "The Senate Committee has provided a wide-ranging report, which raised a number of serious issues," he added. So far, CBA has not referred directly ...
ASIC changes depend on the government: Medcraft
LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... that's very clear from this inquiry," ASIC chair Peter Kell said. Regarding the record 61 recommendations that the Senate Committee has included in the report, the two ASIC officials said that they would be giving them "careful consideration" and added ...
Inquiry has Macquarie Private Wealth in its sights
MARK SMITH  |  FRIDAY, 27 JUN 2014
... surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate Committee's 61 recommendations. The report has recommended that "ASIC undertakes intensive surveillance of other financial advice ...
Government plays down support for royal commission
JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Initial comments from the government suggest it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully ...
CBA apologies again, refutes reckless culture accusations
LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout the inquiry." However, the bank's statement was questioned both by ASIC and the Committee during ...