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Showing 631 - 640 of 2020 results for "Legislation"

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... yesterday but the industry believes the timeline for doing so will leave Australians worse off. Passing yesterday, the legislation will see the banning of grandfathered commissions from 1 January 2021. Responding, the Association of Financial Advisers ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... Comprehensive Income Products for Retirement (CIPR) Framework Advisory Group which was formed to advise the Treasury on legislation framework for the new retirement income products. Most of her career was spent in the private sector, with roles including ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... advisers for things that are out of their control, such as product failures," Ardino said. "The recently announced legislation to remove trailing commissions from the industry has not given due weighting to the fact that commissions act as a vital funding ...

Merger costs may impact short-term returns: ASI

KANIKA SOOD  |  WEDNESDAY, 4 SEP 2019
... treasuries will just keep saying no and even in Tasmania where we had the public sector fund and the government had passed legislation to make us merge together, they still said 'why should we give you stamp duty relief'," she said. "So it is ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Act 2019, she said. Where the legislation requires RSEs to assess member outcomes at a product level, the BPR requires an outcomes assessment across a range of metrics ...

CFS slashes trail commissions on some funds

KANIKA SOOD  |  THURSDAY, 29 AUG 2019
... phase out of grandfathered commissions, backed by the federal treasurer Josh Frydenberg, who last month introduced legislation to end them by 2021. The banking Royal Commission's final report made a recommendation against grandfathered commissions ...

REP 515 divides advice community

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... pointed to the Royal Commission terms of reference which specifically directed legislators to consider how changes to legislation might impact the cost of financial services for the average Australia. An ASIC report from May last year said that reforms ...

Train of legislation to hit advisers

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... all 76 of Commissioner Hayne's recommendations, having released its roadmap for doing so. "There will be a train of legislation coming down the track that will hit you all," Bishop told the conference. She praised the work of the AFA in coming together ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... reform broker remuneration. It is the next step in the government's response to the Royal Commission, releasing draft legislation is in response to recommendation 1.2 which recommended mortgage brokers be required to act in the best interests of the ...

CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... we will implement our plan to bring Count Financial into the modern age of advice, not only making it comply with legislation around new education standards and the banning of grandfathered commissions, but also forming a standard bearer for what a financial ...