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Showing 1 - 10 of 17 results for "Financial Services Inquiry"

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN | TUESDAY, 25 JUN 2024

... Association Australia (FAAA). In its submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Financial Abuse, the FAAA put forward seven key recommendations to help reduce the impact of financial abuse. These ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA | THURSDAY, 6 JUN 2024

... the recovery program over its lifespan," she told a Parliamentary Joint Committee on Corporations and Financial Services inquiry last year. Super has not been included in the entitlements until Treasurer Jim Chalmers announced the recalibration last ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA | THURSDAY, 23 MAY 2024

... could result in channels of funding dry up. A recent Parliamentary Joint Committee on Corporations and Financial Services inquiry is considering a refresh of the entire wholesale investor test framework. According to the terms of reference, the government ...

Updated life code released

ELIZABETH MCARTHUR | WEDNESDAY, 18 AUG 2021

... FSC has also taken into account feedback from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into the life insurance industry, ASIC reviews, Productivity Commission reports, feedback from consumer advocates and the Royal ...

Complexity of grandfathered commissions overlooked

ELIZABETH MCARTHUR | FRIDAY, 27 SEP 2019

... very different." Anderson points out that during the Parliamentary Joint Committee on Corporations and Financial Services Inquiry into the FOFA legislation grandfathering was not the subject of any debate. "A detailed understanding of the history of ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD | MONDAY, 21 MAY 2018

... life insurers in worker rehabilitation through the Parliamentary Joint Committee on Corporations and Financial Services Inquiry, following a March 27 referral from the House of Representatives. Submissions were open until May 4. MLC Life Insurance, in ...

Big four prepared for APRA capital adequacy changes

ALEX BURKE | MONDAY, 20 JUL 2015

... approximately $2.3 billion of additional capital," but that this was "largely as expected following the Financial Services Inquiry and is manageable." Finally, Westpac chief financial officer Peter King said that Westpac is "well-placed for this change" ...

Industry needs to act after Trowbridge report failure

ALEX BURKE | TUESDAY, 21 APR 2015

... supported adopting the recommendations made in the parliamentary joint committee on corporations and financial services inquiry: degree-level qualifications, 12 months of supervised training and a registration exam following the training period. The ...

CFA appoints Australia head of advocacy

LAURA MILLAN | WEDNESDAY, 25 MAR 2015

... president Anthony Serhan said. "The appointment is particularly relevant in the context of the recent Financial Services Inquiry, FOFA and other changes to superannuation in Australia post the GFC," he added. "We are committed to working with the government ...

Reduce corporate tax rate, says Macquarie

JAMES FERNYHOUGH | TUESDAY, 8 APR 2014

... wants to become a regional financial services hub, Macquarie Group has argued. In its submission to the Financial Services Inquiry, the bank argued that Australia's current corporation tax rate of 30% was putting it at a competitive disadvantage compared ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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