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Showing 451 - 460 of 1018 results for "Inquiry"

Government to lift advice standards by law

LAURA MILLAN  |  TUESDAY, 20 OCT 2015
... standards of financial advisers, and it will do it by passing new legislation, it said in its response to the Financial System Inquiry. The government will develop legislative amendments that will force advisers to hold a degree, pass an exam, undertake ...

AMP to launch SMSF trustee course

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... rather than a lump sum amount and goal set." Burgess said when the government finally responds to the Financial System Inquiry, he expects the government to also tighten rules around limited recourse borrowing arrangements (LRBAs). "And that will likely ...

More must be done to cut fees: FSC

MARK SMITH  |  THURSDAY, 1 OCT 2015
... tensions, the Financial Services Council has said. A new report released in the FSC's submission to the Senate Economics Inquiry into the Superannuation Legislation Amendment (Trustee Governance) Bill 2015 shows that increasing scale in super through ...

Aussie pension policy needs careful adjustment: IMF

DARREN SNYDER  |  THURSDAY, 1 OCT 2015
... government, to promote a better quality debate around this critical issue." In its submission to the federal parliament's Inquiry into the Tax Expenditures Statement (TES) process, the SMSF Association suggested that Treasury undertake alternative estimates ...

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
... $488,815 as of 31 August 2015. The Open Advice Review program was set up after media leaks and a subsequent parliamentary inquiry uncovered numerous cases of bad advice and a widespread boiler room culture within the bank's advice divisions. The third ...

FSI and tax response "close to completion": Morrison

LAURA MILLAN  |  THURSDAY, 24 SEP 2015
Treasurer Scott Morrison confirmed that the government's response to the Financial System Inquiry (FSI) is "proceeding and close to completion," despite the recent Liberal spill and cabinet reshuffle. Morrison addressed the media along with Finance ...

FSI panellist challenges ASIC register sale

ALEX BURKE  |  WEDNESDAY, 23 SEP 2015
Murray Inquiry panellist Professor Kevin Davis has proposed an alternative model for the sale of ASIC's Business Registers. Davis, who is the research director at the Australian Centre for Financial Studies, has released a discussion paper, titled Privatising ...

New faces to lead financial services policy reform

LAURA MILLAN  |  MONDAY, 21 SEP 2015
... collection. O'Dwyer will be the industry's main point of contact to deal with policy issues such as the Financial System Inquiry (FSI), the government's response to the parliamentary inquiry into advice, ethical and education standards and the proposed ...

Room to move on super investment fees

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... power to put downward pressure on fees and increase the quality of superannuation products." He notes the Financial System Inquiry found that between 2004 and 2013, average fees only fell by 20 basis points whereas the size of the average fund increased ...

Turnbull expected to dust off shelved policies

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
... sees the leadership change as an opportunity for the government to finally issue its response to the Financial System Inquiry (FSI) report and other policy issues that have remained shelved for months. A number of industry representatives expressed their ...