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Showing 941 - 950 of 1798 results for "Regulation 2014"

MySuper flips members out of millions: CSSA

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
MySuper may be leaving some disengaged members with much lower life insurance cover thanks to a new form of 'flipping', the Corporate Super Specialists' Alliance (CSSA) has warned. The practice of flipping members from less expensive corporate super ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
The government is intending to approve most changes to the Future of Financial Advice (FoFA) law through regulation first, despite Labor and the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the ...

FSU warns of job loss 'tidal wave'

JAMES FERNYHOUGH  |  FRIDAY, 20 JUN 2014
A "tidal wave" of job losses in the Australian financial services sector may be the outcome of "secret" trade negotiations, the Financial Services Union has said. Along with the United States and the European Union, Australia is currently leading negotiations ...

Bank ads confusing: research

MARK SMITH  |  MONDAY, 16 JUN 2014
Most Australians find bank advertisements confusing or misleading with very few people understanding the financial content, new research by People's Choice Credit Union reveals. The survey of 1520 people conducted by the Ehrenberg-Bass Marketing Institute ...

Equipsuper removes CFO role, adds key staff

LAURA MILLAN  |  THURSDAY, 12 JUN 2014
Equipsuper has removed the role of chief financial officer and brought all risk and compliance staff under the newly-created position of chief risk officer. As a consequence of the changes in the superannuation fund's leadership team, chief financial ...

MAX Preview: Beyond value of advice

MICHELLE BALTAZAR  |  THURSDAY, 12 JUN 2014
One of the key discussions at next week's Financial Standard MAX Forum is the distinct refocusing of marketing offers to the concerns of financial advisers not just as go-to advice experts but as successful business owners. Next Wednesday, the MAX-nominated ...

Super insurance still worth billions

JAMES FERNYHOUGH  |  THURSDAY, 12 JUN 2014
The life insurance industry continues to profit from its superannuation policies despite the spike in group insurance claims, figures released by the Australian Prudential Regulation Authority (APRA) show. According to APRA's Life Insurance Supplementary ...

ASIC asks FSI for more flexible toolkit

MARK SMITH  |  WEDNESDAY, 4 JUN 2014
The Australian Securities and Investments Commission (ASIC) has called on the Financial System Inquiry (FSI) to grant it a more flexible regulatory toolkit and increase its scope to address market problems. Giving a speech at the Corporate Governance ...

ASIC budget cuts send the wrong message: Greens

LAURA MILLAN  |  MONDAY, 2 JUN 2014
Cuts to the funding of the Australian Securities and Investments Commission (ASIC) send the wrong message to would-be criminals, Greens Senator Peter Whish-Wilson said. Whish-Wilson spoke after ASIC chairman Greg Medcraft said that ASIC will have to ...