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Showing 31 - 40 of 56 results for "PJC"

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
... "financial planner" and "financial adviser" took a step closer to being enshrined in law after a Parliamentary Joint Committee (PJC) was asked to provide a report on the issue. With the Coalition confirming they would not oppose the bill, the government ...

Super funds argue against unfair fee rules

BEN COLLINS  |  FRIDAY, 25 JAN 2013
... a no-frills, easy to understand investment product. Several groups have this week told the Parliamentary Joint Committee (PJC) that unless funds can put a limit on fees, people with bigger balances will have to pay an unfair amount for the administration ...

Trustee liability issues surface at PJC

BEN COLLINS  |  THURSDAY, 24 JAN 2013
... responsibility of board directors, said FSC senior policy manager Andrew Bragg. Speaking before the Parliamentary Joint Committee (PJC), Bragg said: "We think there needs to be a link between any possible breach of covenant and loss suffered." The FSC ...

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
... lunch, Senator Mathias Cormann said the 16 recommendations that coalition members made on the Parliamentary Joint Committee (PJC) inquiry into the Future of Financial Advice (FOFA) have been formally endorsed by the shadow cabinet and coalition party ...

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
... examining compensation arrangements for consumers of financial services. This same compensation scheme was encouraged by the PJC, which indicated that if such a scheme had been in place, all private investors, SMSF trustees and APRA-regulated fund members ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
... can't see evidence that early enforcement is materially tighter or more effective. While welcoming the full report of the PJC on its Trio inquiry, Townsend does not believe that regulators or Government fully understand the potential for another fraudulent ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... report on the largest superannuation fraud in Australian history, costing investors $176 million in retirement savings, the PJC highlighted the failure of key checks in the regulatory system. The inquiry found regulators missed some key signals, failing ...

PJC releases MySuper report

CLAIRE MCGREAL  |  WEDNESDAY, 21 MAR 2012
The PJC is recommending the government redraft the MySuper Bill to clarify the clause relating to large employers and the provision of tailored MySuper products. In its 102-page report released this week, the Parliamentary Joint Committee (PJC) on Corporations ...

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... Independents would be key in efforts to amend the legislation as its stands. It followed the Parliamentary Joint Committee's (PJC) 220 page report on FOFA, which recommended the legislation come into effect on July 1 as planned. "It was disappointing ...

FOFA provisions will go ahead: PJC

ELISE BURGESS  |  THURSDAY, 1 MAR 2012
... Committee releasing its report, complete with 15 new recommendations. In its 220-page report, the Parliamentary Joint Committee (PJC) noted that despite industry calls for a delay to the start of FOFA implementations, provisions will go ahead as planned. ...