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Showing 501 - 510 of 1018 results for "Inquiry"

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... adherence to the best interest duty, thus removing churn," she said. Referring to the proposal in the Financial System Inquiry (FSI) that risk advisers offer only level commissions in the future, she said: "We do not see that working in the Australian ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... statutory financial advice victim insurance scheme at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry on April 21. The potentially $50 million scheme would be self-funded by the industry and was described by Dastyari ...

ASIC takes SMSF business to court

MARK SMITH  |  MONDAY, 4 MAY 2015
... growth in SMSFs, the increase by SMSFs in geared investment strategies and following the Parliamentary Joint Committee inquiry into the collapse of Trio, ASIC established an SMSF Taskforce in 2012. "The Taskforce meets regularly to examine high-risk ...

Former AMP chief executive joins Westpac

DARREN SNYDER  |  MONDAY, 4 MAY 2015
... current skills and experience," Maxstead said. Recently Dunn was a panel member of the federal government's Financial System Inquiry and is a current board member of the government's Financial Literacy Board and the Australian Ballet. Before joining ...

Industry meets behind closed doors to fix advice

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... advisers. The roundtable is the first of three and will focus on the Parliamentary Joint Committee report, following the inquiry into advice standards, the Assistant Treasurer's office confirmed to Financial Standard. Financial Planning Association (FPA) ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... He added there are key reforms ASIC would like to see in the future which have been recommended by the Financial System Inquiry, including giving ASIC greater powers to ban bad managers and executives. "We recognise it's not just the frontline advisers ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... regulator began its investigation. Speaking at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, he said that "People who know they have done wrong, once the investigation starts, run away and you don't get a chance to ...

Sacked Macquarie advisers still in the industry

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... executive Nicholas Moore said. Speaking at a Senate Economics Committee public hearing within the Scrutiny of Financial Advice inquiry, Moore said: "We don't keep track of people [who leave MPW], but anecdotally I know that some of them are still in ...