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Showing 41 - 50 of 101 results for "Senate Inquiry"

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... the bottom of these failures and driving change in the sector would come from the government agreeing to the ASIC Senate Inquiry recommendation to hold a Royal Commission." Whish-Wilson welcomed the inquiry's recommendation to rename 'general advice' ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry managed investment schemes was explosive," Greens' Senator Peter Whish-Wilson told Financial Standard. "I look ...

Higher adviser education standards boost CFP demand

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... their financial advisers, following industry debate prompted by several financial planning scandals and a recent Senate inquiry.

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... Super chief executive Bill Watson said, in reference to the financial planning scandals at CBA that prompted a Senate inquiry and forced the bank to set up a compensation program. "Aside from the very real damage to customers, the failure by the board ...

Coalition Senators head-to-head over FoFA

LAURA MILLAN  |  FRIDAY, 26 SEP 2014
... voice in expressing concern over financial advice legislation. In July 2013, he also tabled the request to start a Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), following a number of media reports ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... Dastyari's inquiry will keep a close eye at the government's response to the 61 recommendations made by the previous Senate inquiry. Given the large number of inquiries that the Senate Economics Committee will be conducting in the next months, the committee ...

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... so. AMP's decision follows a similar announcement by Commonwealth Bank (CBA), which has been at the centre of a Senate inquiry after media reports unveiled cases of adviser misconduct and inconsistent client compensation processes. AMP will also set ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... all CBA financial advice clients from 2003 to 2012. The compensation process was set up following an exhaustive Senate inquiry into the Australian Securities and Investments Commission (ASIC) prompted by cases of poor advice at CBA. The inquiry concluded ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... He expressed concern that the compensation scheme made public last Friday reproduced the same problems that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... clarified the definition after a Senate Economics Committee inquiry into ASIC's performance recommended it. During the Senate inquiry, University of New South Wales law professor Dimity Kingsford Smith warned that "using wealth as a proxy of financial ...