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Showing 501 - 510 of 844 results for "Senate"

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
A significant late communication from Commonwealth Bank has forced the Senate Economics Committee to delay the tabling of the report into the Australian Securities and Investments Commission (ASIC). The committee's chair Mark Bishop said on Twitter ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
... (AFA), Industry Super Australia (ISA) and all organisations representing consumers have spoken against the exemption. The Senate Economics Committee is currently looking at the FoFA amendments and will be reporting its conclusions to the Parliament during ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
... twitteraccount [sic]. We acknowledge the statement was inaccurate. It's withdrawn." The incorrect $19 million figure came from the Senate Economics Committee hearing on the Future of Financial Advice (FoFA), at which the FSC was present. Questioning ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... has unveiled 10 key points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. The plan outlines the ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia Storniolo appeared yesterday at the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice (FoFA) legislation. "It is hypocritical ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... The two advice bodies have asked for a complete removal of commissions on general advice during their appearance at the Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... the firm following media coverage. Cases of improper advice within CBA and ASIC's failure to address the issue prompted a Senate inquiry into the regulator. The Economics Committee will be reporting the conclusions of its investigation to the Senate ...

Labor to oppose rise in pension age

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
... pension age to 70 is not an appropriation bill, its failure would not prevent the government from funding its policies. The Senate can therefore block it without breaking the unwritten rule against blocking supply. Shorten also condemned the government's ...

Budget reply speech 2014 -15: Bill Shorten

Govt needs six votes to pass pension changes

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
The government will need six cross bench votes in the Senate if it is to pass its proposed changes to the Age Pension. The government has proposed lifting the pension age to 70 by 2035, and indexing it to inflation rather than wages. The Coalition will ...