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Showing 471 - 480 of 844 results for "Senate"

Market wrap

AAP  |  THURSDAY, 3 JUL 2014
... more than 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 ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... customers who received advice between 2003 and 2012. CBA chief executive Ian Narev spoke to the media a week after the Senate Economics Committee issued the report on the inquiry into the Australian Securities and Investments Commission (ASIC), which ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
... investigate its financial advisers. Narev will face a media conference in Sydney at 1045 AEST on Thursday, a week after the Senate report slammed the bank and corporate regulator over their response to claims of fraud and misconduct by some CBA financial ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... Lawyers solicitor Sasha Ivantsoff confirmed to Financial Standard that numbers are up and "phones are running hot" after the Senate Economics Committee issued the report of the inquiry into the performance of the Australian Securities and Investments ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... investor can rely on anything that the adviser tells them, they have to take it on by themselves." "But I'm sure that when the senate comes back this will be disallowed so investors can be treated fairly," he added. The regulation is valid from July ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... needs to "lift its game" and added that the bank has handled the scandals within its financial planning businesses and the Senate investigation "appallingly." Hockey spoke this weekend at the Liberal Party's federal council, which took place in Melbourne. ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... financial services regulator, ASIC chairman Greg Medcraft said. Medcraft spoke at a media conference the day after the Senate Economics Committee made public the final report after it spent a year conducting an inquiry into the regulator's performance. ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
Macquarie Private Wealth is in the firing line with the Senate Economics Committee inquiry recommending ASIC undertake "intensive surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate ...

Future of LISC in Palmer's hands

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
... Thirty-five prominent figures in the superannuation industry have called on the Palmer United Party to use its influence in the Senate to block the scrapping of the low income superannuation contribution (LISC) scheme. The letter, organised by Women ...

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 ...