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Showing 51 - 60 of 124 results for "Senate Economics Committee"

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT | FRIDAY, 24 OCT 2014

... financial scandals as a result of bad advice. But Senator Cormann has rejected a recommendation from the Senate economics committee calling for a royal commission into the Commonwealth Bank of Australia after its financial advisers led to the loss of ...

Government says no to CBA Royal Commission

LAURA MILLAN | FRIDAY, 24 OCT 2014

The government has not accepted a recommendation by the Senate Economics Committee to open a Royal Commission to investigate the financial planning scandals within Commonwealth Bank (CBA). The government has issued a two-page response to the 61 recommendations ...

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN | THURSDAY, 23 OCT 2014

... collective response to ensure that this unacceptable level of failure is addressed," Kell told the Senate Economics Committee hearing yesterday. He noted that "unless they can come up with a collective solution that addresses some problems there will ...

ASIC demands last resort compensation scheme

LAURA MILLAN | MONDAY, 20 OCT 2014

... the other options have truly been exhausted." The regulator made the demand in its submission to the Senate Economics Committee inquiry into forestry managed investment schemes (MIS) and in its submission to the Financial System Inquiry (FSI). ASIC noted ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN | TUESDAY, 23 SEP 2014

... widening chasm between the two sides," Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari, who is also the Committee's deputy chair, argued that the FSI is expected ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN | FRIDAY, 5 SEP 2014

Labor Senator Sam Dastyari has obtained the support from the Coalition to conduct a new Senate Economics Committee inquiry to scrutinise the financial services industry. The inquiry will continue the task of last year's Senate Economics Committee inquiry ...

Senate bill challenges general advice definition

LAURA MILLAN | TUESDAY, 2 SEP 2014

... and therefore the bill's purpose is to clear up the misconception." Whish-Wilson was a member of the Senate Economics Committee inquiry into the Australian Securities and Investments Commission (ASIC) that unveiled cases of poor advice and alleged fraudulent ...

BT unveils tougher adviser standards

LAURA MILLAN | TUESDAY, 26 AUG 2014

... requirements for its financial advisers, responding to mounting pressure from consumers, associations and a Senate Economics Committee report. Similar to the new rules approved by Commonwealth Bank (CBA), AMP and National Australia Bank (NAB), BT advisers ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN | MONDAY, 25 AUG 2014

... they received," the bank said. The Open Advice Review program was set up after media reports and a Senate Economics Committee inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. ...

CBA posts record profit, strong wealth management growth

LAURA MILLAN | WEDNESDAY, 13 AUG 2014

... misbehaviour within CBA's financial planning units, which were unveiled by media reports and a sweeping Senate Economics Committee inquiry. Since then, CBA has put in place an Open Advice Review program to review compensation to victims of poor advice ...

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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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