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Showing 1 - 10 of 100+ results for "Parliament"

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... the Hayne Royal Commission. Despite seeing Recommendation 2.10 through, there is still so much left undone, he told parliament. "We still have inquiries coming in relation to commissions, life insurance and mortgage brokers, and there is so much uncertainty. ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... improving their education levels. "The uplifting of financial adviser levels of education represents a key component of Parliament's vision to build a trusted, educated, and ethical financial advice profession. Advisers who have completed their education ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

AIOFP petitions to delay DDO, annual renewal

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
The Association of Independently Owned Finance Professionals is calling on lawmakers to delay two major financial advice reforms until 2022 by launching an online petition. The AIOFP is seeking to delay the Design and Distribution Obligations and consent ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
Following industry backlash last year, the government has released exposure draft legislation for consultation on the distribution of class action proceeds in proceedings involving a litigation funder. If the legislation progresses, it will implement ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
... of their industry was a big mistake. "These are managerial, they weren't legislative, so I'm not saying the parliament got it wrong. We need to do some fine tuning we can look at that, I think it was the managerial oversight and the governance ...

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... do to meditate." Anderson reflected on the decade since the Future of Financial Advice (FoFA) reform was tabled in parliament. "What we've seen since that time, is the continuous cycle of inquiries, legislative change, another inquiry, more legislative ...

Hostplus grilled on common ownership, collusion

KARREN VERGARA  |  MONDAY, 20 SEP 2021
Hostplus was grilled about its relationship with IFM Investors at a parliamentary hearing that sought to uncover any evidence of collusion and anti-competitiveness. MP Tim Wilson, who chaired the Standing Committee on Economics hearing on common ownership ...

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
The industry fund says it analysed its $53 billion Australian equities portfolio and found no instances of common ownership. Common ownership of listed companies is currently the subject of a parliamentary inquiry led by MP Tim Wilson, who has said ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning. The Standing Committee on Economics, which discussed the implications of capital concentration and common ...
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