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Showing 501 - 510 of 1327 results for "Parliament"

ASIC chair nominee withdraws candidacy

ALEX BURKE  |  FRIDAY, 13 OCT 2017
... O'Sullivan would raise serious questions around ASIC's independence and its ability to command trust across markets and the Parliament." O'Sullivan became chair of Credit Suisse's Australian investment banking department in 2008. He joined from CBA ...

To opt in or out of life insurance: Spot poll

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
There are mixed feelings about whether young superannuation fund members should opt in to life insurance, the latest Financial Standard poll reveals. Twenty-nine per cent of respondents disagree that young super fund members should have the choice to ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
ASIC is ramping up its financial literacy initiatives that plans to incorporate life insurance in curriculums across primary and secondary schools. Already the regulator is undertaking an extensive program with state and territory governments to train ...

Labor rejects ASIC chair nominee

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
... O'Sullivan would raise serious questions around ASIC's independence and its ability to command trust across markets and the Parliament." Bowen's justification for Labor's opposition stemmed largely from O'Sullivan being a Liberal Party member in the ...

Xenophon team introduce unpaid super Bill

KARREN VERGARA  |  MONDAY, 11 SEP 2017
... monthly $450 threshold, and granting the Fair Work Ombudsman greater power to recoup unpaid super has been introduced in Parliament. Rebekha Sharkie, federal member for Mayo, South Australia and a member of the Nick Xenophon Team, introduced the Private ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
Group insurers not doing enough to prevent the growing problem of employees owning multiple superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. Senate Parliamentary Joint ...

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
Operational complexities are holding life companies back from improving and modernising the life insurance industry, and leaving customers very confused as to exactly what they are insured for, a public hearing found. TAL group chief executive and managing ...

Housing affordability depresses confidence: Westpac

EMMA RAPAPORT  |  THURSDAY, 17 AUG 2017
... 2017 housing policies - the first home super savers scheme and the residential downsizing incentives - may not reach Parliament before the end of the year (link story). Experts have also warned of the risks of unintended consequences to both superannuation ...

Ripoll to help victims of rogue advice

JAMIE WILLIAMSON  |  MONDAY, 14 AUG 2017
Former MP Bernie Ripoll will work with a financial advice complaints service to assist victims of dodgy financial advice recover their losses. Joining forces with Financial Rescue Australia, Ripoll said that despite the Financial Ombudsman Service's ...

Major advice firm endorses first home super saver scheme

DARREN SNYDER  |  WEDNESDAY, 9 AUG 2017
... legislation proposes more flexibility than an earlier version of the scheme and is calling for bipartisan support in parliament - regardless that it does not appear to be on the immediate legislative agenda. The advisory firm argues that moving on the ...