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Showing 711 - 720 of 1018 results for "Inquiry"

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... bank tellers or people who provide general advice should get bank commissions," the AFA chief executive Brad Fox told the inquiry. "If someone was not licensed to provide tier-1 product advice, we don't want them to be receiving commissions," he said ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... 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 on May 30. ...

Cuts to ASIC and ATO push industry to self-regulation

LAURA MILLAN  |  WEDNESDAY, 14 MAY 2014
... regulator of financial advice, may provide further impetus to bring this forward." The AFA expects the Financial System Inquiry (FSI) to provide further opinion on the appropriateness of self-regulation.

FSI to focus on the technology challenge

LAURA MILLAN  |  TUESDAY, 13 MAY 2014
Technology change and the challenges it represents to businesses is one of the main items that the Financial System Inquiry (FSI) will be looking at over the next weeks. "Technology is a key theme," FSI chair David Murray said during a speech to the ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... concern that the ban on conflicted remuneration will affect corporate superannuation advisers and has asked the Senate inquiry into the Future of Financial Advice (FoFA) to find a way to solve the issue. The bank made this request in a submission to ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... when rating products are one of the reasons behind the failure of some funds. In a submission to the Financial System Inquiry (FSI), the AIOFP said that the Future of Financial Advice (FoFA) legislation has not addressed "the core reasons" why some funds ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... affordable, without compromising on the high levels of consumer protection," the bank said in a submission to the Senate inquiry. Westpac added that the original reforms increased consumer protection, but "fell short in improving the accessibility and ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions. Most stakeholders focused on the most controversial topics ...

Super to engender securitisation 'rebirth': Brogden

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
... a system to provide for Australians' retirement. He expressed concern that David Murray, chair of the Financial System Inquiry, recently mentioned the possibility of mandating investing.

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
... which has been questioned recently by the polemic changes to the Future of Financial Advice (FoFA) law and by the Senate inquiry to the Australian Securities and Investments Commission (ASIC). The program is expected to unveil the practices of rogue ...