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Showing 411 - 420 of 1327 results for "Parliament"

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... lead up to legislating FoFA to protect consumers from bad financial advice in 2013, Thistlethwaite pointed out that Parliament agreed to provide a "carve-out" for grandfathered commissions. But the report by the Parliamentary Joint Committee on Corporations ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... Government of "preferring politics over policy," by refusing to support ALP amendments to the member outcomes bill before parliament, which would have forced super funds to report their performance for comparison with others. "Labor amended this bill ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
ASIC has told parliament there was no insider trading around the release of the Royal Commission's final report. This comes after the Labor party suggested insider trading was responsible for bank stocks rising immediately on the back of Kenneth Hayne's ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
... campaigning together to bring about this legislation, building a cross-party alliance of supporters in both Houses of Parliament as well as working with government." "We now look ahead to the next stage and ultimately delivering the UK's first CDC pension." ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... power to take civil penalty action against trustees for breaching their obligations to members, has not yet passed Parliament. It was introduced to Parliament in September 2017. While APRA is disappointed the Bill has still not passed, it anticipates ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... means test rules for lifetime income streams were not appropriate for the "wide possible range" of complex products the parliament expects to emerge under SIS regulations changes in the future. If those means test rules were to continue under those changes ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... bill to end the grandfathering of conflicted remuneration. He believes it could be passed as early as March, if extra parliament sitting days are approved. From January 2020, payments of any previously grandfathered conflicted remuneration still in contracts ...

No one-size-fits-all approach to franking changes

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... strategies for SMSF investors if Labor's franking credit refund changes were to pass unaltered through both houses of Parliament after the upcoming election. The panel failed to come to a consistent approach, speaking both to the diversity of SMSF ...

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... are actually assisting the outcome." Cooper's point came full circle later in the morning as MP's from both sides of parliament had the chance to address delegates with a video message. Tim Wilson and Matt Thistlethwaite both put their arguments forward ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... life insurance offered to under-25 year olds and those with low account balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 requires superannuation funds to only ...