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Showing 451 - 460 of 748 results for "Senate - 52"

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
Commonwealth Financial Planning and Financial Wisdom will have to reopen compensation processes for more than 4,000 clients after its methods were found to be inconsistent and disadvantaged customers. The Australian Securities and Investments Commission ...

Labor to oppose rise in pension age

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
Opposition leader Bill Shorten has said Labor will not support the government's bill to lift the Age Pension eligibility age to 70. As part of his budget reply speech in parliament yesterday, Shorten accused the government of 'haranguing' Australians ...

Govt needs six votes to pass pension changes

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
The government will need six cross bench votes in the Senate if it is to pass its proposed changes to the Age Pension. The government has proposed lifting the pension age to 70 by 2035, and indexing it to inflation rather than wages. The Coalition will ...

Masseurs Tony and Joey

BENJAMIN ONG  |  WEDNESDAY, 14 MAY 2014
Phew! Well that wasn't so bad after all. Yes Virginia, if you didn't fall asleep listening to Treasurer Joe Hockey's budget speech last night - mainly because most of the measures Joey mentioned were already drip-fed to us days in advanced - you'll ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
Commonwealth Bank (CBA) has expressed concern that the ban on conflicted remuneration will affect corporate superannuation advisers and has asked the Senate inquiry into the Future of Financial Advice (FoFA) to find a way to solve the issue. The bank ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
Westpac said that the government's proposed changes to the Future of Financial Advice (FoFA) legislation are "necessary" to ensure consumer protection. Westpac is the first of the Big Four to have its say on the FoFA changes, which are A currently being ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions. Most stakeholders focused on the most controversial topics ...

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
New information about the sales-driven culture inside the Commonwealth Bank's financial planning unit has prompted the Financial Planning Association (FPA) to leap to advisers' defense. Tonight's airing of 'Banking Bad' on the ABC's Four Corners program ...

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
The Economics Committee conducting the inquiry into the performance of the Australian Securities and Investments Commission (ASIC) will present the Senate with "a widespread report that will include the industries' black holes and dark corners." The ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
The Australian Securities and Investments Commission (ASIC)'s top officials admitted that the regulator could have done more to prevent poor advice and malpractices in a tense five-hour Senate hearing. The hearing focused on ASIC's performance in dealing ...