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Showing 61 - 70 of 114 results for "Senate Inquiry"

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 ...

CBA unveils tougher adviser standards

LAURA MILLAN | MONDAY, 14 JUL 2014

In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

Senate report, a turning point for advice industry

LAURA MILLAN | THURSDAY, 26 JUN 2014

... financial products. It also asked the legislation to require advisers to be members of a professional association. The Senate inquiry into the performance of ASIC was prompted by cases of misconduct within CBA's financial planning businesses, but a number ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN | THURSDAY, 26 JUN 2014

The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN | WEDNESDAY, 25 JUN 2014

... focusing on financial advice and on other areas identified as "high risk." Medcraft referred to the conclusions of the Senate inquiry into the regulator, which are likely to be published today. "We could have acted more quickly, we should have been more ...

Senate report supportive of government FoFA reforms

LAURA MILLAN | TUESDAY, 17 JUN 2014

... Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the FoFA amendments and focused on the main industry stakeholders' demand: "to achieve a proper balance between providing ...

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. ...

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 ...

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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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