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Search ResultsShowing 1 - 10 of 100+ results for "Labor"
AMP approved product list under fire
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... financial advisers are beholden to have come under fire from the House of Representatives Standing Committee on Economics. Labor MP Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution has changed since the Royal Commission. ...
AFA, FPA share bleak view of industry
ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... compliance requirements. The associations also faced questioning on the FASEA exam and the participation rate.Following that, Labor MP Daniel Molino referred to the FASEA exam as "basic", saying that it concerns him that only 7000 financial advisers ...
Calls to investigate treatment of AMP advisers
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton, urging him to investigate the AMP BOLR changes. Last ...
Sargon buyers announce execs, ditch Sargon name
KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... Infrastructure Partners, as first reported by Financial Standard on May 1 . He is also a founding shareholder in the company. Former Labor member of parliament Lindsay Tanner has been appointed the non-executive chair while BT veteran Sue Thomas will ...
FASEA extension passes
ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... advisers have been put through the wringer, with the bill having been stymied multiple times by unrelated amendments from Labor and crossbench Senators being attached to it that were not supported by the government," Fox said. "At a time when retail ...
Senator remains firm on FASEA extension
ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... Senator Hume not being able to give any policy reason for doing so," Patrick said in the email. "However, it was supported by Labor, the Greens, and the crossbench, all of whom don't want the exemption, which applies to many of Australia's 'rich listers' ...
FASEA extension hits snag
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... Representatives, resulting in another delay in the extension being passed. Senator opposed Patrick's amendment, but Labor, the Greens and One Nation supported it. Labor Senator Jenny McAllistor said that Labor does support the bill, which will amend ...
Labor calls for end to war on super
HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
The Labor Party is calling on Prime Minister Scott Morrison to finally put an end to the war on superannuation waged by government backbenchers, in an effort to ensure Australia rebounds from COVID-19 "faster and better". Financial Standard has obtained ...
Short consultation window for stamping fee exemption
HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... to extend the ban on conflicted remuneration to listed investment companies and trusts after consultation with Treasury. Labor had been agitating for the move for some time, and attached it as an amendment to an omnibus bill which also carried an extension ...
Asgard, Future Super shamed on ERS
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... members by super funds within five business days after the member is approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts ...
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