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Showing 441 - 450 of 748 results for "Senate - 52"

Ross signals he will step down from Expert Panel

JAMES FERNYHOUGH  |  THURSDAY, 5 JUN 2014
Justice Iain Ross has told the Financials Services Council (FSC) he will step down from the Fair Work Commission (FWC) superannuation Expert Panel if a new expert member is appointed. Ross, who is president of the FWC, made the statement in response ...

Budget cuts force ASIC to axe surveillance

LAURA MILLAN  |  WEDNESDAY, 4 JUN 2014
The cuts to the funding of the Australian Securities and Investments Commission (ASIC) have forced the regulator to axe proactive surveillance in a number of areas. ASIC chairman Greg Medcraft told the Senate Economics Committee during a budget estimates ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
Commonwealth Bank (CBA) has failed to address allegations by the Senate Economics Committee that it provided "sketchy" and insufficient information to the inquiry into the Australian Securities and Investments Commission (ASIC) in statement released ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
Last minute developments have forced the Senate Economics Committee to delay the tabling of its final report in the inquiry into the Australian Securities and Investments Commission (ASIC). The committee has issued an interim report signed by its chair ...

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
A significant late communication from Commonwealth Bank has forced the Senate Economics Committee to delay the tabling of the report into the Australian Securities and Investments Commission (ASIC). The committee's chair Mark Bishop said on Twitter ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
The Australian Bankers' Association (ABA) said that the industry supports the original Future of Financial Advice (FoFA) legislation, which focused largely on consumer protection. The ABA came out shortly after Industry Super Australia (ISA) accused ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) has issued an apology on Twitter after it wrongly stated that AustralianSuper collects $19 million a year for intra-fund advice. The tweet, which was issued on 22 May, stated: "$19 million collected by AustralianSuper ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Planning Association (FPA) has unveiled 10 key points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Services Council (FSC) said that asking for a ban of commissions on general advice is "hypocritical" when intra fund advice itself is "non-transparent." FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
The two advice bodies have asked for a complete removal of commissions on general advice during their appearance at the Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning ...