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Showing 31 - 40 of 50 results for "Minister Shorten"

In defence of superannuation

ALEX DUNNIN  |  MONDAY, 15 AUG 2011
... arguing why lifting SG from 9 to 12% is still a good idea. Speaking on ABC TV's Insider's program yesterday, Minister Shorten said, "As an actual investment product, super's done reasonably well over the last 20 years." But the irony is that lower than ...

Minister faces down advisers over opt-in, risk

ALISON BEVEGE  |  TUESDAY, 28 JUN 2011
... provisions and the banning of commissions for risk insurance in superannuation. On superannuation risk commissions, Minister Shorten reminded advisers they were bound by the best-interest duty, and said the absence of commissions would not prevent best ...

Coalition adopts ALP super clearing house model

ALEX DUNNIN  |  THURSDAY, 9 JUN 2011
... supporting a Senate Inquiry and moving an amendment to allow the private sector to also provide the service," said minister Shorten. While politicians fight over who created the clearing policy first and best, the important point is that the Coalition ...

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
... groups," said the spokesman. The spokesman also said that while it supports the AFA's right to push its views, Minister Shorten and the Federal Government have consulted with all sides of this debate and have come up with a balanced policy that will ...

Super funds win merger tax relief

ALISON BEVEGE  |  TUESDAY, 3 MAY 2011
... been granted a three-month tax relief extension by Financial Services and Superannuation Minister Bill Shorten. Minister Shorten today said that the Government would extend the temporary tax loss relief for consolidating funds from June 30 to September ...

Advisers sacked, fees halved in "doom" scenario

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... consumers who have more simple needs around a particular product." Klipin said even if the report was right, Minister Shorten had a responsibility to release modelling of the impacts of FOFA, in areas such as client access.

High level super talks on now

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... sector funds. Also attending the Melbourne meeting will be representatives from financial services companies. Minister Shorten has previously flagged the lack of adequacy in retirement savings as an issue for Australia's ageing population.

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... have lobbied hard against the opt-in proposals, arguing they would increase red tape and costs for planners. Minister Shorten made a concession by requiring clients to renew their advice agreements every two years under the Future of Financial Advice ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
... underinsurance problem and is, instead, a drag on people's account balances." As for insurance outside super, Minister Shorten said there hasn't been the same debate about banning commissions and that further research needs to be done on it. He recognised ...

Advisers fear super fund competition

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
... for by the entire membership. Nicolette Rubinsztein, general manager of strategy at Colonial First State asked Minister Shorten whether intra-fund advice bundled into the administration fee would be the trail of the future. Minister Shorten responded ...