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Showing 51 - 60 of 84 results for "Senate Committee"

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN | FRIDAY, 27 JUN 2014

... [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout the inquiry." However, the bank's statement was questioned both by ASIC and the Committee during ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN | WEDNESDAY, 18 JUN 2014

... legislation currently before Parliament." Cormann's move is the next step for the amended FoFA legislation after the Senate Committee issued yesterday the conclusions of its inquiry into the reforms to the financial advice law proposed by the government. ...

Senate report supportive of government FoFA reforms

LAURA MILLAN | TUESDAY, 17 JUN 2014

... Greens will be opposing it. "It is interesting to know that [independent Senator] Nick Xenophon, who is in the Senate Committee, is not opposing the report; or at least, there's nothing in the report that suggests that," Anderson said. The Committee ...

CBA does not address "sketchy" info allegations

LAURA MILLAN | THURSDAY, 29 MAY 2014

... committee on information requests. "We continue to co-operate with a request for additional information from the Senate Committee," CBA said. "CFPL is now a significantly transformed business," the bank reiterated, and added that "communication to customers ...

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 ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN | THURSDAY, 22 MAY 2014

... advice from the ban on commissions was "an anomaly that could have been fixed." The proposed amendments that the Senate committee is debating limit the circumstances in which commissions in general advice can be received. However, the FPA asked that ...

Market wrap AM

AAP | FRIDAY, 14 MAR 2014

... Development of Australia (CEDA) lunch in Perth. In equities news, Qantas chief executive Alan Joyce appears at a Senate committee hearing into the airline's future while Rio Tinto is expected to publish its annual report. In Australia, the market on ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN | FRIDAY, 21 FEB 2014

Industry Super Australia (ISA) has argued to a Senate committee that the proposed amendments to the Future of Financial Advice (FoFA) "go too far by diluting both the conflicted remuneration prohibition and the best interests duty." ISA deputy chief ...

John Hewson calls for overhaul of superannuation system

MARK SMITH | TUESDAY, 17 SEP 2013

... like to see a review of the role of the Australian Securities and Investments Commission (ASIC) in light of a Senate Committee inquiry into the regulator's performance in relation to Commonwealth Bank, NRMA Insurance and ING Direct. "The regulator has ...

First submissions to ASIC inquiry made public

LAURA MILLAN | FRIDAY, 26 JUL 2013

... inquiry into the Australian Securities and Investments Commissions (ASIC) performance have been made public. The Senate Committee has received at least four submissions and has made two of them public since it was open for submissions on July 8. One ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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